S&P Revises Guatemala Outlook

S&P has revised the outlook on Guatemala’s BB rating to stable from negative, it says. The agency highlights the potential for debt stabilization at 20% of GDP in 2014. GDP growth and tax revenue developments could help the republic’s finances going forward, says S&P, which in August 2011 took the outlook to negative alongside comments that increased political polarization was hindering needed fiscal reform amid low tax revenues and an increasing interest burden.