Moody's may lift Paraguay

Moody's Investors Service said it placed Paraguay's B3 foreign- and local-currency government bond ratings on review for possible upgrade.

The review, which is typically concluded within three months, will focus on the sustainability of the country's favorable fiscal and debt metrics as well the ability of the economy and political system to deal with domestic and external shocks.

Paraguay's debt metrics now compare favorably with most B-rated sovereigns, Moody's said.

The agency said expects government debt as a percentage of its revenues to fall to 75% this year and still further in 2011.

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