The Ministry of Finance announced that Moody's upgraded Costa Rica's sovereign risk rating from Ba3 to Ba2 with a stable outlook.
This recognition reflects the country's efforts to strengthen its public finances, comply with spending ceilings, and manage debt and government liquidity more efficiently. According to Moody's, these actions have reduced the debt-to-GDP ratio and lowered the cost of financing, even in a challenging international context.
The Minister of Finance, Rudolf Lücke Bolaños, emphasized that this improvement is an endorsement of Costa Rica's fiscal discipline, but also a reminder that work must continue to consolidate the sustainability of public finances.
Finally, he stressed the importance of diversifying external financing sources and asked the Legislative Assembly to move forward with the approval of Eurobonds, in order to guarantee long-term economic stability for the country.
This is a news service prepared by ICS. For more information about the story, write to info@ics.cr or call 2519-9992 ICS, tax specialists.