Costa Rica credit rating downgraded two notches amid persistent fiscal deficit

Central Bank of Costa Rica

Costa Rica’s credit rating has been downgraded two notches by Fitch Ratings, despite fiscal reforms and a loan repayment to the central bank.

The rating agency downgraded the economy’s long-term currency issuer default rating to B+ from BB on January 15. The revision follows similar downgrades from S&P and Moody’s in December.

In its statement, Fitch says the downgrade reflects “persistently wide fiscal deficits, high near-term financing needs due to a steep amortisation schedule and budget

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: