S&P cuts Costa Rica

S&P cuts Costa Rica

Debt Corporate & Sovereign Strategy Economy & Policy Capital Markets Costa Rica Central America

S&P Global Ratings has downgraded Costa Rica to B+ from BB- with a negative outlook, citing a high debts and external risks. "A high debt burden, poor debt management, a rising share of government debt denominated in foreign currency and a persistently high level of dollarization in the financial sector highlight Costa Rica's external vulnerabilities," S&P said in a report. S&P also said it expects Costa Rica to run a fiscal deficit between 5% and 6% of GDP in the next two years, des

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