October 25, 2021 |
Sovereign bond buyers have expressed calm about El Salvador's financing plans in the 2022 budget, although S&P Global Ratings put a negative outlook on the country's ratings and Fitch Ratings said the government had underestimated the size of the fiscal deficit.
"We are not panicked about the funding program. The estimated $1.3 billion net Letes gross financing needs look manageable, especially if officials lean on locals as lenders of last resort," said an investor who follows El Salvador's
Investors say they are not concerned about the Central American country's expected financing gap for 2022