Asunción, IP.- The ranking company Fitch Scores declares that it has improved the ranking of Paraguayan sovereign debt from BB- to BB, and maintains the steady outlook. With this enchancment, Paraguay is positioned two ranges under funding grade.
This improve within the ranking constitutes an necessary step within the consolidation of the actions applied by the financial authorities. The important thing elements that help this enchancment within the ranking are the sustained financial progress and resilience of Paraguay’s exterior accounts, its place as a Web Exterior Creditor and worldwide reserves, in keeping with the report launched right now by the ranking company.
Likewise, the low ranges of debt in comparison with different nations with a ‘BB’ ranking, the financial insurance policies utilized to maintain inflation ranges low, the nation’s demonstrated skill to entry worldwide bond markets and multilateral financing on favorable situations are parts that led to this enchancment.
The latest enchancment of the Nation Ranking scores by the ranking businesses, on February 4, 2014, Moody’s Traders Service raised the Paraguayan Authorities bond ranking one notch from Ba3 to Ba2, and adjusted its outlook from “steady” to “ constructive” and on June 11, 2014, Normal & Poor’s improved the ranking from BB- to BB, sustaining the steady outlook, which has helped enhance buyers’ threat notion.
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2024-06-04 20:14:41
