Bond buyers express calm for El Salvador's financing plans

Bond buyers express calm for El Salvador's financing plans

Corporate & Sovereign Strategy Bonds Debt Fixed Income El Salvador Capital Markets Funds

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

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