US financial services rating agency Standard & Poor’s raised El Salvador’s long- and short-term credit ratings to CCC+/C, stating that the long-term rating outlook is stable.
The rating agency explained that El Salvador achieved this credit elevation due to the pension debt exchange successfully executed on April 28.
“We also affirm our CCC+ long-term issue ratings. The transfer and convertibility evaluation remains AAA,” the firm indicated.
Likewise, this week El Salvador received an improvement in its credit rating from Fitch Ratings and the JP Morgan & Chase Co. bank, demonstrating that the financial actions taken by the Government are the right ones for the country’s economy and ensuring the confidence of international partners. towards El Salvador.
#Nationals | Standard & Poor’s, a US financial services rating agency, raised its long- and short-term sovereign credit ratings on El Salvador to CCC+/C, stating that the long-term rating outlook is… pic.twitter.com/K1RQQyAE44
— Breaking News (@ultimahsv) May 11, 2023
#Salvadors #credit #ratings #rise #Standard #Poors
