Monday, January 11, 2010

Moody´s decision on El Salvador

According to the daily brief of Oxford Analytica, "Moody's recently downgraded El Salvador's foreign currency government bonds from Baa3, the lowest investment grade level, to Ba1, with a negative outlook. The ceiling for foreign-currency bank deposits also was cut from Baa3 to Ba1, with a negative outlook."

Could this be in part politically motivated? Other countries (the Dominican Republic comes to mind) are also experiencing problems but have not witnessed a change in their grade of their debt....

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