S&P upgrades Dominican Republic to BB

S&P upgrades Dominican Republic to BB

Credit Ratings S&P Global Upgrade Economy & Policy Debt Dominican Republic Caribbean

S&P Global Ratings said it upgraded the Dominican Republic by one notch to BB, saying the government's sound economic management has led to a strong recovery in the country. "The upgrade... is based on the Dominican Republic's fast-growing and resilient economy," S&P said in a report on Monday, adding that it gave the ratings a stable outlook on expectations of continued GDP growth. The BB ratings, two steps from investment grade, are constrained by debt that reaches 53% of GDP, interest

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