Fitch raises Paraguay's outlook to "positive"

Fri Jan 31, 2014 12:52pm EST

Jan 31 (Reuters) - Fitch raised its outlook on Paraguay to "positive" from "stable", citing the country's sustained economic growth momentum and improvement in business environment.

The rating agency affirmed its long-term foreign and local currency issuer default ratings at "BB-."

"Fitch assumes that Paraguay will continue to diversify and develop its financing sources and have access to multilateral funding," the ratings agency said.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.