Asunción, Agencia IP.- Following the improvement in Paraguay’s credit rating outlook by Standard & Poor’s, the President of the Republic, Santiago Peña, expressed optimism that Paraguay will soon achieve investment grade status from the world’s three major credit rating agencies. The President highlighted during a press conference that S&P Global Ratings’s upgrade from a stable […]
Asunción, Agencia IP.- Following the improvement in Paraguay’s credit rating outlook by Standard & Poor’s, the President of the Republic, Santiago Peña, expressed optimism that Paraguay will soon achieve investment grade status from the world’s three major credit rating agencies.
The President highlighted during a press conference that S&P Global Ratings’s upgrade from a stable to a positive outlook granted yesterday is a preliminary step toward obtaining investment-grade status.
«The report clearly explains the reasons behind this decision to improve the outlook and outline the path forward. I am incredibly optimistic about achieving investment-grade with this second credit rating agency,» the President remarked, referring to Standard & Poor’s.
In July of last year, Paraguay achieved investment-grade status as recognized by Moody’s. «Our goal is for the three credit rating agencies—S&P, Moody’s, and Fitch—to recognize and validate that Paraguay is a predictable, serious, and responsible country that implements sound economic policies and strengthens its institutions,» the President stated today.
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