{"id":454,"date":"2024-03-01T13:53:00","date_gmt":"2024-03-01T13:53:00","guid":{"rendered":"https:\/\/ics.cr\/?p=454"},"modified":"2024-09-16T13:56:59","modified_gmt":"2024-09-16T13:56:59","slug":"fith-upgrades-costa-ricas-sovereign-risk-rating","status":"publish","type":"post","link":"https:\/\/ics.cr\/en\/fith-mejora-calificacion-de-riesgo-soberana-de-costa-rica\/","title":{"rendered":"FITH upgrades Costa Rica's sovereign risk rating"},"content":{"rendered":"<p class=\"wp-block-paragraph\">This week the Ministry of Finance informed that the international credit rating agency Fitch Ratings upgraded the country's sovereign risk rating from BB- to BB, with a stable outlook.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to this rating agency, the country's credit profile has been strengthened as a result of the credibility of its actions, including the following:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Compliance with International Monetary Fund (IMF) targets.<\/li>\n\n\n\n<li>Ratification of the structural consolidation of fiscal management.<\/li>\n\n\n\n<li>Access to resources in the international market.<\/li>\n\n\n\n<li>Sustained reduction in the Debt\/GDP ratio.<\/li>\n\n\n\n<li>Solid economic growth, controlled inflation, as well as Net International Reserves (NIR) that mitigate the Balance of Payments risk.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For Fitch, access to financing on better terms, such as Eurobonds, as well as the implementation of the measures adopted as a result of the agreement with the IMF, have played an important role in supporting fiscal sustainability and improving the credibility of Costa Rica's fiscal policy.<\/p>\n<style>\r\n.lwrp.link-whisper-related-posts{\r\n            \r\n            margin-top: 40px;\nmargin-bottom: 30px;\r\n        }\r\n        .lwrp .lwrp-title{\r\n            \r\n            \r\n        }.lwrp .lwrp-description{\r\n     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.lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text,\r\n        .lwrp .lwrp-list-item .lwrp-list-no-posts-message{\r\n            \r\n            \r\n            \r\n            \r\n        }@media screen and (max-width: 480px) {\r\n            .lwrp.link-whisper-related-posts{\r\n                \r\n                \r\n            }\r\n            .lwrp .lwrp-title{\r\n                \r\n                \r\n            }.lwrp .lwrp-description{\r\n                \r\n                \r\n            }\r\n            .lwrp .lwrp-list-multi-container{\r\n                flex-direction: column;\r\n            }\r\n            .lwrp .lwrp-list-multi-container ul.lwrp-list{\r\n                margin-top: 0px;\r\n                margin-bottom: 0px;\r\n                padding-top: 0px;\r\n                padding-bottom: 0px;\r\n            }\r\n            .lwrp .lwrp-list-double,\r\n            .lwrp .lwrp-list-triple{\r\n                width: 100%;\r\n            }\r\n            .lwrp .lwrp-list-row-container{\r\n                justify-content: initial;\r\n                flex-direction: column;\r\n            }\r\n            .lwrp .lwrp-list-row-container .lwrp-list-item{\r\n                width: 100%;\r\n            }\r\n            .lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){\r\n                \r\n                \r\n            }\r\n            .lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text,\r\n            .lwrp .lwrp-list-item .lwrp-list-no-posts-message{\r\n                \r\n                \r\n                \r\n                \r\n            };\r\n        }<\/style>\r\n<div id=\"link-whisper-related-posts-widget\" class=\"link-whisper-related-posts lwrp\">\r\n            <h2 class=\"lwrp-title\">Related Posts<\/h2>    \r\n        <div class=\"lwrp-list-container\">\r\n                                            <div class=\"lwrp-list-multi-container\">\r\n                    <ul class=\"lwrp-list lwrp-list-double lwrp-list-left\">\r\n                        <li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/information-theft-and-beneficiary-registry\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Information theft and beneficiary registration<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/value-of-assets-in-the-declaration-of-inactive-companies\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Value of assets in the declaration of inactive companies.<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/legal-services\/payroll-and-accounting\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Payroll and Accounting<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/ministry-of-public-finance-medium-term-fiscal-framework-2024-2029\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Ministry of Finance publishes Medium Term Fiscal Framework (2024-2029)<\/span><\/a><\/li>                    <\/ul>\r\n                    <ul class=\"lwrp-list lwrp-list-double lwrp-list-right\">\r\n                        <li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/in-the-next-few-days-a-resolution-will-be-published-that-modifies-the-deadline-for-filing-the-declaration-before-the-transparency-registry-and-final-beneficiaries-of-2024\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">In the next few days, a resolution will be published that modifies the deadline for filing the declaration before the 2024 Transparency and Beneficial Ownership Registry.<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/tax-administration-imposes-significant-penalties-for-irregularities-committed-by-businesses\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Tax Administration imposes significant penalties for irregularities committed by businesses<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/employment-generation-paused-in-last-three-months-of-2024\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Employment generation paused in the last three months of 2024<\/span><\/a><\/li><li class=\"lwrp-list-item\"><a href=\"https:\/\/ics.cr\/en\/next-monday-january-15-is-the-deadline-for-filing-and-paying-the-solidarity-tax\/\" class=\"lwrp-list-link\"><span class=\"lwrp-list-link-title-text\">Next Monday, January 15 is the deadline to file and pay the solidarity tax.<\/span><\/a><\/li>                    <\/ul>\r\n                <\/div>\r\n                        <\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Esta semana el Ministerio de Hacienda inform\u00f3, que la agencia de calificaci\u00f3n crediticia internacional Fitch Ratings mejor\u00f3 la calificaci\u00f3n de riesgo soberana del pa\u00eds, pasando de BB- a BB, con una perspectiva estable. Seg\u00fan esta calificadora de riesgo, el perfil crediticio del pa\u00eds se ha fortalecido como resultado de la credibilidad de sus acciones, entre [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-454","post","type-post","status-publish","format-standard","hentry","category-noticias"],"acf":[],"_links":{"self":[{"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/posts\/454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/comments?post=454"}],"version-history":[{"count":2,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/posts\/454\/revisions"}],"predecessor-version":[{"id":456,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/posts\/454\/revisions\/456"}],"wp:attachment":[{"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/media?parent=454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/categories?post=454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ics.cr\/en\/wp-json\/wp\/v2\/tags?post=454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}