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Fitch maintains Costa Rica’s ‘B’ rating with negative outlook

It’s déjà vu all over again for Costa Rica’s investment rating.

Fitch maintains Costa Rica’s junk bond rating

Costa Rica has a BB+ credit rating with a negative outlook, one step below investment grade, from the rating agency.

Moody’s downgrades Costa Rica’s credit rating

The ratings agency Moody Investors Services downgraded Costa Rica’s government bond rating to Ba1 from Baa3 with a stable outlook Tuesday. The decision came weeks after President Luis Guillermo Solís presented his government’s budget for 2015 without any substantial proposals to curb the country’s growing deficit.

$1 billion sovereign debt issue could buy Costa Rica time to fix fiscal woes

But with no plan to curb the rising deficit and investors looking away from emerging markets, it won't last forever.

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