Moody's downgrades Costa Rica's government bond rating to Ba2, continued negative outlook
New York, February 09, 2017-- Moody's Investors Service has today downgraded Costa Rica's government bond rating by one notch to Ba2 from Ba1, and maintained the negative outlook on the rating. The key driver behind the downgrade to Ba2 is the continued weakening of Costa Rica's fiscal profile, reflected in its rising government debt burden and persistently high fiscal deficit, which was 5.2% of GDP in 2016.. The continued negative outlook on Costa Rica's credit rating reflects...
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