Dominican Republic Outlook Revised to Stable

Dominican Republic Outlook Revised to Stable

Dominican Republic Corporate & Sovereign Strategy

The Dominican Republic has had the outlook on its B credit rating revised to stable from positive by Fitch, the agency says. Fitch highlights deterioration in the sovereign’s fiscal accounts, present external vulnerabilities and the new government’s challenges to reduce fiscal deficits and stabilize debt ratios in the context of budgetary rigidities, rising social demands and slower economic growth. “The cyclical slowdown of the economy adds downside risks to fiscal performance,” it says. GDP gr

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