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Negative outlooks loom over Central America's major issuers

Negative outlooks loom over Central America's major issuers

July 16, 2021 | Jo Bruni
Costa Rica, Panama and El Salvador face underlying fiscal challenges before they can improve their ratings, Fitch says

Corporate & Sovereign Strategy Credit Ratings Fitch Ratings Bonds Debt Fixed Income Economy & Policy Central America Costa Rica El Salvador Panama Nicaragua Guatemala Capital Markets

Central America is receiving more attention from investors and from the US government, but three of the region's major issuers – Costa Rica, Panama and El Salvador – face negative outlooks on their ratings due to underlying fiscal challenges, Charles Seville, a senior director at Fitch Ratings, said during an online event on Wednesday. With the exception of Panama, which outperformed the region in terms of economic growth, Central America's countries had experienced a deterioration of their rati

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