{"id":5100,"date":"2024-04-30T21:16:39","date_gmt":"2024-04-30T21:16:39","guid":{"rendered":"https:\/\/latamreports.com\/br\/?p=5100"},"modified":"2024-04-30T21:16:40","modified_gmt":"2024-04-30T21:16:40","slug":"fitch-keeps-the-rating-of-salvadoran-debt-ccc","status":"publish","type":"post","link":"https:\/\/latamreports.com\/br\/fitch-keeps-the-rating-of-salvadoran-debt-ccc\/","title":{"rendered":"Fitch keeps the rating of Salvadoran debt &#8216;CCC&#8217;"},"content":{"rendered":"\n<p>The agency warned of an accelerated increase in debt interest, as well as a financing gap of 13.4 percent of GDP by 2024.<\/p>\n\n\n\n<p>This article has been translated from the original which first appeered in<a href=\"https:\/\/diario.elmundo.sv\/economia\/fitch-mantiene-en-ccc-la-calificacion-de-la-deuda-salvadorena\"> El Mundo SV<\/a><\/p>\n\n\n\n<p>The Fitch Ratings agency announced Tuesday that it maintains El Salvador&#8217;s credit rating in &#8216;CCC&#8217;, a note that is limited by the high public debt and the recent history of non-compliances related to pension commitments.<\/p>\n\n\n\n<p>Fitch allocated the note in &#8216;CCC&#8217; in May 2023, a group for economies or companies with substantial credit risk and a real possibility of non-compliance. For sovereigns with notes in &#8216;CCC&#8217; or below, the agency does not give perspective.<\/p>\n\n\n\n<p>The agency explained that the rating is supported by greater human development compared to the countries of the region and a history of relative macroeconomic stability thanks to dollarization.<\/p>\n\n\n\n<p>However, the rating is conditioned by the high public debt, a recent &#8220;story of non-compliance with local pension-related debt,&#8221; a persistent fiscal deficit and limited financing capacity. The agency also influences the decline in governance indicators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agency warned of an accelerated increase in debt interest, as well as a financing gap of 13.4 percent of GDP by 2024. This article &#8230; <a title=\"Fitch keeps the rating of Salvadoran debt &#8216;CCC&#8217;\" class=\"read-more\" href=\"https:\/\/latamreports.com\/br\/fitch-keeps-the-rating-of-salvadoran-debt-ccc\/\" aria-label=\"Read more about Fitch keeps the rating of Salvadoran debt &#8216;CCC&#8217;\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"status","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[17],"class_list":["post-5100","post","type-post","status-publish","format-status","has-post-thumbnail","hentry","category-negocios","tag-el-salvador","post_format-post-format-status","resize-featured-image"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fitch keeps the rating of Salvadoran debt &#039;CCC&#039; - LatAm Reports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latamreports.com\/br\/fitch-keeps-the-rating-of-salvadoran-debt-ccc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch keeps the rating of Salvadoran debt &#039;CCC&#039; - LatAm Reports\" \/>\n<meta property=\"og:description\" content=\"The agency warned of an accelerated increase in debt interest, as well as a financing gap of 13.4 percent of GDP by 2024. 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