Standard & Poor’s 2016 Outlook: Paraguay stands out in Latin America

By David Buchanan Paraguay is the only Latin American country with a positive outlook for 2016, said Moritz Kraemer, Global Chief Rating Officer, Sovereign Ratings at Standard & Poor’s during his presentation of the firm’s 2016 global sovereign outlook. Most countries in the region will continue to be affected by the slump in commodity prices and a slowdown of the Chinese economy, he added. Not surprisingly, Brazil faces a bleak new year with President Dilma Rousseff facing impeachment and the economy in a recession. Other countries with a less-than-optimist outlook are Venezuela and Trinidad and Tobago. “With its non-investment grade, it’s plausible to assume that some of the portfolios under administration will have to divest over a certain period of […]