Research Update: BICRA On El Salvador Remains At Group '7'; Economic Risk Trend Revised To Negative On Sovereign Credit Stress - S&P Global Ratings’ Credit Research

Research Update: BICRA On El Salvador Remains At Group '7'; Economic Risk Trend Revised To Negative On Sovereign Credit Stress

Research Update: BICRA On El Salvador Remains At Group '7'; Economic Risk Trend Revised To Negative On Sovereign Credit Stress - S&P Global Ratings’ Credit Research
Research Update: BICRA On El Salvador Remains At Group '7'; Economic Risk Trend Revised To Negative On Sovereign Credit Stress
Published Oct 14, 2016
7 pages (2241 words) — Published Oct 14, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Oct. 13, 2016, we lowered our long-term rating on El Salvador to 'B' from 'B+' and kept our 'B' short-term rating unchanged. The ratings remain on CreditWatch with negative implications (see "El Salvador Long-Term Sovereign Credit Ratings Lowered To 'B' From 'B+' On Political Stalemate," published on the CreditPortal). Continued political stalemate in El Salvador has led to a deterioration of institutional and governance effectiveness, which has contributed to a weaker external profile and a further erosion of the government's liquidity. Our Banking Industry Risk Assessment (BICRA) on El Salvador remains at group '7'. However, we're revising the BICRA economic risk trend to negative from stable, while keeping the industry risk trend as negative. El Salvador's extremely challenging economic

  
Brief Excerpt:

...On Oct. 13, 2016, we lowered our long-term rating on El Salvador to 'B' from 'B+' and kept our 'B' short-term rating unchanged. The ratings remain on CreditWatch with negative implications (see "El Salvador Long-Term Sovereign Credit Ratings Lowered To 'B' From 'B+' On Political Stalemate," published on the CreditPortal)....

  
Report Type:

Research Update

Ticker
63132Z
Issuer
Banco Agricola S.A
GICS
Regional Banks (40101015)
Sector
Global Issuers, Structured Finance
Country
El Salvador
Region
Latin America
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: BICRA On El Salvador Remains At Group '7'; Economic Risk Trend Revised To Negative On Sovereign Credit Stress" Oct 14, 2016. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-BICRA-On-El-Salvador-Remains-At-Group-7-Economic-Risk-Trend-Revised-To-Negative-On-Sovereign-Credit-Stress-1737027>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: BICRA On El Salvador Remains At Group '7'; Economic Risk Trend Revised To Negative On Sovereign Credit Stress Oct 14, 2016. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-BICRA-On-El-Salvador-Remains-At-Group-7-Economic-Risk-Trend-Revised-To-Negative-On-Sovereign-Credit-Stress-1737027>
  
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