PARAGUAY | Capital markets: On the map

PARAGUAY | Capital markets: On the map

Attracting investor attention as a small, sub-investment grade sovereign can be tough. For Paraguay, that is why tapping the international bond markets has been so important. The sovereign has a second benchmark deal in the pipeline, which it hopes will further lift its profile among global investors. As it opens its doors to international fixed income investors, Paraguay hopes to gain recognition for its other efforts to make the country more enticing to global investors. Its reforms have led to credit rating upgrades from two major agencies this year already. Yet the country still faces multiple hurdles before it can join the investment-grade club. Limited flexibility on monetary policy, l

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