Wall Street investors attracted by DR bonds

Dolores

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Feb 20, 2019
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Dominican Republic bonds are popular among Wall Street investors. Major firms such as JP Morgan Chase & Co., Banco Bilbao Vizcaya Argenta and Banco Santander recommend these to their clients as a result of the country’s economic recovery compared to its peers.

The increasing interest by international investors coincides with a recent upgrade by the global credit rating agency, Standard and Poor’s. Standard and Poor’s upgraded the Dominican rating from BB- to BB in December 2022.

Hacienda Minister Jochi Vicente tweeted at the time that this was the first upgrade since 2015. He said the new rating improves the investment climate that translates into more foreign companies showing an interest in investing in the country and creating formal jobs here. He said this also reduces the interest rate for government bond placements and can stimulate a decline in interest rates on loans...

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