S&P Raises Guatemala Outlook

S&P has revised the outlook on its BB/BB+ (foreign-currency/local-currency) long-term ratings of Guatemala to positive from stable. The improvement reflects the country’s “growing prospects for policy continuity after the 2007 national elections, based upon a solidifying consensus on key economic policies”. S&P affirmed its BB long- and B short-term foreign currency sovereign credit ratings on the Republic of Guatemala and its BB+ long- and B short-term local currency sovereign credit ratings. According to S&P GDP growth this year is expected to reach its highest level in more than 10 years – at around 5%.