Research Update: Honduras Outlook Revised To Stable From Negative On Contained Fiscal Deficits; 'BB-/B' Ratings Affirmed

We think Honduras' fiscal deficits are likely to be lower than we previously expected, which will help stabilize public finances and the government's debt burden. We revised our outlook on Honduras to stable from negative and affirmed our 'BB-/B' sovereign credit ratings on the country. The stable outlook incorporates our expectation of moderate GDP growth, continued good access to official funding, and a fiscal policy that contributes to stable net general government debt in the next two years. On Sept. 29, 2023, S&P Global Ratings revised the outlook on the long-term ratings on Honduras to stable from negative. We also affirmed our 'BB-/B' long- and short-term sovereign credit ratings. Our transfer and convertibility (T&C) assessment remains 'BB'. The stable outlook

...- We think Honduras' fiscal deficits are likely to be lower than we previously expected, which will help stabilize public finances and the government's debt burden. - We revised our outlook on Honduras to stable from negative and affirmed our '##-/B' sovereign credit ratings on the country. - The stable outlook incorporates our expectation of moderate GDP growth, continued good access to official funding, and a fiscal policy that contributes to stable net general government debt in the next two years....

Research Update