The agency maintains the B-rating for the country with an “stable” perspective since it has confidence that the country will receive external support in 2021.
The Standard and Poor’s risk calculator confirms these juveniles that it maintains a stable B- with a stable perspective for the country due to expectations that “El Salvador will continue to receive an important external support in 2021 that will increase liquidity and limit the risk. of the sober deuda in the next 12-18 months.
Without embarrassment, the advisor warrants that he may reinstate this affidavit in the next 12 months if he encounters difficulties in accessing the financing of official creditors and international markets “and does not implement corrective tax actions, which, in his part, shall be” the communicated.
“We also need to revert to sovereign classification if economic recovery is reversed, which will affect the growth of GDP in the long run and increase the fiscal deficits during the time we are currently working out.
Governor of Bukele negotiates an agreement with the International Monetary Fund
On the other hand, in an optimistic scenario, the firm claims that the firm must include the ratings during the 12 to 18 months as the economic recovery is the most vigorous of the year and is translated into more solid fiscal and external results, presagiaria a substantial dissemination in the cargo of debt.
“We hope that the government will have a gradual progression in the implementation of its plans to stimulate economic growth and promote public finances,” the document revealed today.
The considerations of the risk classification agency are then in the middle of the Gobierno’s confirmation that it has initiated talks with the International Monetary Fund (FMI) with that it is funding for at least $ 1,300 million and a series of fiscal funds that the permirían mayor mayor of other economic institutions.