November 22, 2022 17:27 GMT
Paraguay Rating Of 'BB+' Affirmed At Fitch; Outlook Stable
- Fitch Affirms Paraguay at 'BB+'; Outlook Stable (BBG)
- From the report:
- Paraguay's ratings reflect its track record of prudent and consistent macroeconomic policies, low government debt relative to rating peers, and robust external liquidity.
- Its ratings are mainly constrained by weak governance indicators, a shallow local capital market that narrows fiscal financing flexibility, and vulnerability to adverse climactic shocks reflected in high GDP volatility.