July 26, 2024 18:29 GMT
Paraguay Raised To Investment Grade By Moody's
LATAM
- "PARAGUAY TO INVESTMENT GRADE BY MOODY'S; OUTLOOK TO STABLE" - BBG
- Paraguay‘s long-term foreign debt rating was upgraded by Moody’s to Baa3, from Ba1.
- “The upgrade of Paraguay's ratings reflects a combination of factors, including robust and sustained economic growth and our expectations that the economy has become more resilient to shocks, and a track-record of institutional reforms that has improved our assessment of institutional and governance strength.” – Moody’s
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