The credit rating agency Fitch has revised their outlook on Costa Rica’s financial condition. In announcing the change Fitch stated the following:
The revision of Costa...
Delays on the approval of fiscal reforms prompted Fitch Ratings to downgrade Costa Rica's Long-Term currency bonds earlier this month and ratings for six banks, including four state-owned banks.
The ratings agency noted that Costa Rica would likely see an improving economy thanks to a recovering U.S. economy, the country’s largest trade partner, and low international oil prices.
Fitch Ratings downgraded its outlook on Costa Rica’s sovereign debt from “stable” to “negative” in a statement released Thursday morning. Despite the negative outlook, Fitch maintained its BB+ rating for the debt.
CARACAS, Venezuela – Venezuela's credit rating was cut by the third ratings agency in three months, as Fitch Ratings said accelerating inflation and weakening growth had fueled a wave of street protests.
