Moody’s Lifts Paraguay Ahead of Bond Sale

Moody’s Lifts Paraguay Ahead of Bond Sale

Corporate & Sovereign Strategy Paraguay

Paraguay has been upgraded to Ba3 from B1 by Moody’s, a move that should help the sovereign as it prepares to visit the international bond market this month. “An improvement in government debt metrics has been possible due to consecutive budget surpluses during 2004-2011,” the agency says, noting finances have remained strong despite volatile growth. Improved medium-term growth prospects are supported by government plans to increase investment infrastructure, it adds. The outlook is stable. Afte

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