Standard & Poor’s (S&P Global) has once again reaffirmed the Dominican Republic’s credit rating at “BB with a stable outlook,” highlighting the country’s regional leadership in terms of economic growth. The credit rating had been announced on 5 January 2024 and is described as one that reflects the country’s strengthened governmental institutions, sustained high economic growth rates, improved fiscal planning, and better public debt management.
S& P has stated that the potential for further improvement in the credit rating is contingent on the government’s ability to implement reforms that enhance fiscal and debt planning, aiming for lower fiscal deficits. The credit rating impacts the cost of foreign borrowing for the Dominican government.
S&P forecasts a real GDP growth of 5% annually over the next four years, solidifying the Dominican Republic’s position as one...
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