Saturday, July 17, 2010

Moodys Raises Guatemala Rating

Moody's Raises Guatemala’s Rating

Thursday, July 15, 2010
The raising of the country’s rating from Ba2 to Ba1 means that Guatemala is now just one step away from investment grade.
According to local ratings agencies the reason the country has not reached investment grade is weakness in its socio-economic indicators.

“Additional weak spots are its tax burden, a vulnerable legal system and questionable infrastructure,” according to “The only Latin American countries with an investment grade rating are Chile, Brazil, Mexico, Peru and Panama”.

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Panajachel, Lake Atitlan, Guatemala

Panajachel, Lake Atitlan, Guatemala
View of Lake Atitlan and volcano from my apartment balcony in Panajachel. Taken by Catherine Todd June 2008.