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Caribbean & Central America - June 2015 (ISSN 1741-4458)

ECONOMIC OVERVIEW: GUATEMALA

The political and institutional crisis has not gone unnoticed by international credit ratings agencies. On 25 May Moody's Investors Service revised the outlook on Guatemala's government bond ratings to negative from stable. Yet Moody's also confirmed the foreign and local currency government's issuer ratings and senior unsecured ratings at Ba1. Moody’s cited as grounds for its decision, “an ongoing political crisis that has rapidly escalated, triggered by corruption scandals that implicate high ranking government officials and that has led to widespread street demonstrations”.

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