Fitch ups Dominican Republic view to positive

Fitch Ratings said it revised the outlook on the Dominican Republic's foreign- and local-currency issuer default ratings to positive from stable.

The outlook revision reflects the continued strength of the country's economic recovery and the agency's expectation that the government will have more success in implementing its structural reform agenda now that it has a majority in Congress.

Fitch said the ratings continue to be supported by the country's comparably low external and public debt burdens and a manageable debt service profile.

A still fragile liquidity position that can be exacerbated by a loss of confidence and ensuing capital flight constrains the ratings, the agency said.

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