El Salvador budget approval lowers near-term risks, Fitch Ratings

El Salvador budget approval lowers near-term risks, Fitch Ratings

Corporate & Sovereign Strategy Economy & Policy El Salvador

El Salvador's recent budget approval is expected to lower its near-term risks, according to a report from Fitch Ratings. The rating agency said on Monday that the passage of the country's budget should reduce sovereign credit risks and unlock chances for external financing. The Central American sovereign issuer has received the green light to print up to $300m in bonds. Fitch also said medium-term challenges remained, such as weak economic growth prospects and a large debt burden. Upcoming l

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