Fitch Cuts El Salvador

Fitch Cuts El Salvador

El Salvador Corporate & Sovereign Strategy

Fitch has dropped El Salvador’s rating to BB minus from BB, it says, and maintains a negative outlook. The agency cites El Salvador’s sustained macroeconomic underperformance relative to peers and protracted high fiscal deficits that have resulted in a debt to GDP ratio of 56.7% in 2012, well above the 39% median in the BB class. “El Salvador’s growth underperformance highlights structural weakness, including low competitiveness in the tradable sector, low investment ratios, weak human capital a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial