S&P sees Guatemala in negative light

S&P sees Guatemala in negative light

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Energy Electricity Regulation Guatemala Central America

S&P Global Ratings placed Guatemala's ratings on "credit watch negative" on Friday, saying a legal dispute with the local subsidiary of Florida-based TECO Energy could lead the country to default on its 2026 bonds. "We believe Guatemala has the funds to pay TECO and the willingness to make the payment on its Eurobond," S&P said in a report. A US court has blocked Bank of New York Mellon from allowing Guatemala to make a coupon payment on its 4.5% 2026 bonds, pending a commercial dispute

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