Moody's downgrades El Salvador's government bond ratings to B3 negative, concluding review for downgrade
New York, November 07, 2016-- Moody's Investors Service has today downgraded El Salvador's issuer and long-term debt ratings to B3 from B1 and assigned a negative outlook to the ratings, concluding the review for possible downgrade initiated on 11 August. The downgrade to B3 is based on the following key drivers:. 1) The significant increase in liquidity risks as (i) the government is already under financial stress and has been forced to prioritize payments and (ii) short-term debt...
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