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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.

Costa Rica places 1.5 billion dollars in Eurobonds to refinance debt

Costa Rica has turned to the international market in search of financing to cover its expenses due to a large fiscal deficit.

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.

Costa Rica’s fiscal deficit to reach 6.9 percent of GDP in 2016

Officials used words like “crisis” and “precarious” to describe the country’s fiscal situation after years of legislative gridlock that have been unable to rein in Costa Rica’s deficit, despite several downgrades from international ratings agencies.

Costa Rica’s Solís travels to New York to address United Nations General Assembly for first time

President Luis Guillermo Solís will attend the U.N. Climate Summit on Tuesday, Sept. 23, where he will give a speech about Costa Rica’s efforts to mitigate and adapt to climate change, along with meetings with world leaders and multinational corporations.

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.

Despite a growing deficit for Costa Rica, no new taxes planned for 2015

One revenue stream the administration seems bully on is improving tax collection. During his 100-day speech, President Luis Guillermo Solís noted that tax evasion, estimated at 13.8 percent of GDP, outpaced actual tax collection during 2013, at 13.1 percent of GDP

$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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