Fitch Ratings has improved its rating for Dominican sovereign bonds. A press release issued on 29 November 2023 reports the long-term foreign-currency issuer default rating (IDR) at BB- was revised upwards to positive from stable.
Fitch says the upgrade reflects the trend for improvements in governance, robust growth prospects, improvements in control of corruption, government effectiveness and rule of law.
Fitch says the DR’s ratings are supported by a robust economic growth track record, a diversified export structure, high per-capita GDP and social indicators, and governance scores that compare favorably to peers.
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Fitch Ratings
4 December 2023