Moody's upgrades Paraguay

Moody's Investors Service said it upgraded Paraguay's government bond rating to Ba3 from B1.

The outlook is stable.

Moody's said the key drivers supporting the upgrade are: (a) Government finances that the agency expects will continue to align well with peers in the Ba rating category, despite volatile growth; (b) a sustained build-up in international reserves resulting in external liquidity metrics in line with Ba medians; and (c) improved medium-term growth prospects supported by government plans to increase investment in infrastructure.

© 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.