Salvadoran bonds registered an increase in their trading value of up to 2% in the international market, following the S&P Global Ratings agency improved the sovereign rating of El Salvador, raising the note from ‘CCC+’ to ‘B-‘.
El Salvador’s new credit rating meant that specialized financial agencies such as Bloomberg classified the nation among the best emerging markets. After two buyback operations that led to the fulfillment of sovereign obligations, the international market turned its eyes to El Salvador due to the improvement in the economic outlook.
In this sense, according to the El Salvador Stock Exchange (BVES), the price of securities maturing in 2025 increased by 1.9%, showing a recovery of 48%; In the case of securities maturing in 2027, they register an increase of 1.2%, which would mean a recovery of 93%; On the other hand, the 2023 bonds showed a growth of 1.9%, with a recovery equivalent to 89%.
#Salvador #bonds #increase #improvement #credit #rating
