Moody’s lifts Guatemala view to stable

Moody's Investors Service said it changed the outlook on Guatemala's ratings to stable from negative and affirmed the Ba1 government bond and issuer ratings.

Moody’s said the action reflects the following key drivers: (a) Guatemala's credit profile proved resilient to the political crisis of 2015, posting robust growth, a lower fiscal deficit and stable debt metrics; and (b) the government's fight against corruption and its effort to improve transparency and accountability will continue to strengthen the country's weak institutions, particularly in tax administration and rule of law.

Guatemala's long-term foreign currency bond ceiling remains unchanged at Baa3. The foreign-currency deposit ceiling remains at Ba2, while the local-currency bond and deposit ceilings remain at Baa1.

The short-term foreign-currency bond ceiling remains at P-3, while the short-term foreign currency deposit ceiling remains unchanged at NP.

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