Costa Rica’s Solis minimizes downgrade threat

Costa Rica’s Solis minimizes downgrade threat

Economy & Policy Corporate & Sovereign Strategy

Costa Rica's new president, Luis Guillermo Solís, mounted a vigorous defense of his administration's plans to reduce the country's fiscal deficit on Wednesday, telling LatinFinance in an interview that he is confident that his country can avoid a ratings downgrade. Solís, who took office last month, defended his government's plans to overhaul the country's tax system, in the wake of growing concern among analysts over the country's fiscal gap. Ratings agency Moody's in September placed the sover

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