Fitch: Dominican Republic view to positive

Fitch Ratings said it affirmed the Dominican Republic's long-term foreign and local currency issuer default ratings at B+.

The outlooks on the long-term issuer default ratings were revised to positive from stable.

The issue ratings on the Dominican Republic's senior unsecured foreign and local currency bonds were affirmed at B+. The country ceiling was affirmed at BB- and the short-term foreign currency issuer default rating at B.

Fitch said the positive outlook reflects the continued positive economic performance relative to peers, the reduction of external vulnerabilities and progress on gradual fiscal consolidation.

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