Fitch shifts Dominican Republic view to stable

Fitch Ratings said it revised the outlook on the Dominican Republic to stable from negative and affirmed the long-term foreign-currency issuer default rating at BB-.

“The revision of the outlook to stable reflects the narrowing of Dominican Republic's government deficit and financing needs since our last review resulting in the stabilization of the government debt/GDP ratio, as well as the investment-driven economic momentum, reflected in the faster-than-expected economic recovery in 2021 that we expect to carry into above-potential GDP growth during 2022 and 2023,” Fitch said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.