- Category: The Nation
- Published on Sunday, February 20 2011 01:30
- Written by Rod Hughes
- Hits: 729
Costa Rica maintains the Standard & Poor "speculative rating" for credit as it was awarded last September, The rating was raised last fall to BB for long-term debts in foreign exchange and BB- for colon debts.
The rating is for government bonds floated on the international market. The BB rating indicates a lesser vulnerability in the short term but a larger uncertainty due to possible adverse conditions in the fields of business, finance and economy.
S & P calculates that Costa Rica's economic growth will be slow but steady, about 5% in 2011 and between 4% and 5% in the next two years. This is despite a rising public debt.