Moody's Raises Guatemala’s Rating
Source: sigloxxi.com
Thursday, July 15, 2010
The raising of the country’s rating from Ba2 to Ba1 means that Guatemala is now just one step away from investment grade.
According to local ratings agencies the reason the country has not reached investment grade is weakness in its socio-economic indicators.
“Additional weak spots are its tax burden, a vulnerable legal system and questionable infrastructure,” according to Sigloxxi.com. “The only Latin American countries with an investment grade rating are Chile, Brazil, Mexico, Peru and Panama”.
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