S&P affirms El Salvador

Standard & Poor's affirmed its BB+ long-term and B short-term sovereign credit ratings on the Republic of El Salvador.

The outlook remains stable.

S&P credit analyst Richard Francis said the ratings are supported by El Salvador's strong and well-regulated banking system, long-standing program of structural reform, moderate debt and falling interest rates, although widespread poverty, demands on fiscal policy and limited economic growth pressure the country's credit standing.

© 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.