Stability and reform pay off for Paraguay in upgrade

Stability and reform pay off for Paraguay in upgrade

Economy & Policy

Moody’s lifted Paraguay’s rating a notch to Ba2 on Tuesday, as it praised the South American country for its lower debt ratios, recent fiscal reforms and political stability following the impeachment of former president Fernando Lugo in 2012. “The positive outlook on the Ba2 rating reflects our expectation that, even though it will take time for the government to implement the various laws approved in late 2013, they are likely to improve fiscal oversight and allow for higher levels of infrastru

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