Moody's ups Dominican Republic

Moody's Investors Service said it upgraded the Dominican Republic's government bond ratings to B1 from B2, reflecting a reassessment of the country's overall credit resilience after the global financial crisis.

Despite being a small open economy with close ties to the United States, the Dominican Republic demonstrated a higher-than-expected level of economic and financial resilience to external shocks, Moody's said.

As a result, Moody's said it has repositioned the country's sovereign ratings, even as they remain at the lower end of the rating scale right now.

© 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.