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Fitch raises Paraguay's outlook to "positive"
January 31, 2014 / 5:55 PM / 4 years ago

Fitch raises Paraguay's outlook to "positive"

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.

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