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Paraguay's Credit Upgrade Boosts Investor Confidence and Jobs

12/18/2025

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Summary

Story summary

S&P Global Ratings upgraded Paraguay’s credit to BBB-, granting a second investment-grade rating.
The upgrade reflects strong growth, low deficits, and central-bank policy credibility, boosting investor confidence.
Moody's Investors Service had previously upgraded Paraguay, and Fitch Ratings still rates it BB+ with a positive outlook.
Paraguay’s dollar bonds rose after the upgrade.
Finance Minister Carlos Fernandez said the rating will attract more investment, boosting jobs.

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Story summary

S&P Global Ratings upgraded Paraguay’s credit to BBB-, granting a second investment-grade rating.
The upgrade reflects strong growth, low deficits, and central-bank policy credibility, boosting investor confidence.
Moody's Investors Service had previously upgraded Paraguay, and Fitch Ratings still rates it BB+ with a positive outlook.
Paraguay’s dollar bonds rose after the upgrade.
Finance Minister Carlos Fernandez said the rating will attract more investment, boosting jobs.