Moody rating service gives nation a boost
By the A.M. Costa Rica staff
Moody’s Investor Services has changed its mind about Costa Rica and now rates the country as stable instead of negative.
The company issues ratings that reflect the interest rates foreign investors demand for government and commercial bonds all over the world.
Moody’s said that the country’s debt ratio had improved. The ratio is the amount of what a country owes compared to its gross domestic product or what it produces.
Costa Rica’s internal and external debt continues to grow, but so does its major exports. The Moody rating also probably reflects international investors confidence in Óscar Arias Sánchez, the new president.