Paraguay Raised to Investment Grade Rating by Moody's on Growth [Yahoo! Finance]
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S&P Global Inc. (SPGI)
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Risks Losing Voters He Needs With Loaded Attacks on Harris Paris Sticks to Olympics Opening Event Plans After Rail Sabotage Fed's Favored Price Gauge Rises at Mild Pace, Spending Holds Up Harris Just Showed Why Trump Is So Afraid of Her Great Rotation Trade Sees Investors Dump AI Giants for Less Obvious Stocks The rating was upgraded to Baa3 from Ba1, putting Paraguay on the first rung of investment grade and on par with Panama and India. The ratings company cited the country's efforts to stoke growth while making its economy more resilient to shocks. “A track-record of implementation of institutional reforms coupled with Paraguay's long-standing sound monetary and fiscal policy frameworks support our improved assessment of institutions and governance strength,” Moody's strategist Samar Maziad wrote in a statement Friday. The country's dollar bonds were among the best performers in emerging markets on the day, with notes due in 2044 gain
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