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Paraguay has reached its second investment grade milestone following Standard & Poor’s decision to raise the country’s sovereign credit rating to BBB-.
Paraguay achieved its second investment grade rating after Standard & Poor’s upgraded the country’s sovereign credit rating to BBB-. The improvement places Paraguay’s economy within the lower-risk category recognized by international rating agencies. The announcement strengthens the country’s financial standing and complements the Baa3 rating granted by Moody’s in 2024.
Standard & Poor’s revised Paraguay’s rating from BB+ to BBB-. With this adjustment, the country formally enters the investment grade range within the agency’s scale. The assessment highlights Paraguay’s macroeconomic profile, fiscal stability, and capacity to service sovereign debt. It also confirms a lower relative risk of default compared to other regional issuers.
Economy Minister Carlos Fernández Valdovinos officially announced the decision at a press conference. He stated that the new rating represents strong backing for the country’s economic management and enhances Paraguay’s credibility in international markets. According to the minister, the recognition expands opportunities to attract foreign capital and to access financing under more favorable conditions.
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