{"id":227903,"date":"2024-12-04T08:45:04","date_gmt":"2024-12-04T12:45:04","guid":{"rendered":"https:\/\/dr1.com\/news\/?p=227903"},"modified":"2024-12-04T09:53:20","modified_gmt":"2024-12-04T13:53:20","slug":"sp-reaffirms-drs-credit-rating-projects-5-annual-growth","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2024\/12\/04\/sp-reaffirms-drs-credit-rating-projects-5-annual-growth\/","title":{"rendered":"S&P keeps DR\u2019s credit rating"},"content":{"rendered":"\n
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Standard & Poor\u2019s (S&P Global) has once again reaffirmed the Dominican Republic\u2019s credit rating at \u201cBB with a stable outlook,\u201d highlighting the country\u2019s 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.<\/p>\n\n\n\n

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. <\/p>\n\n\n\n

S&P forecasts a real GDP growth of 5% annually over the next four years, solidifying the Dominican Republic\u2019s position as one of the fastest-growing economies in Latin America and the Caribbean. The agency attributed this robust growth to the country\u2019s pro-market policies, which have sustained high levels of investment\u2014estimated at 32% of GDP in 2024.<\/p>\n\n\n\n

A key driver of this economic expansion is the tourism sector, which is projected to attract 11.5 million visitors in 2024, representing a 12% increase from the previous year.<\/p>\n\n\n\n

Moreover, S&P commended the Dominican government\u2019s progress in structural reforms, including the passage of the Fiscal Responsibility Law, the reorganization of the public sector to optimize spending, and constitutional and labor reforms that strengthen the country\u2019s economic and fiscal sustainability.
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Read more:
Ministry of Hacienda <\/a>
Diario Libre <\/a><\/p>\n\n\n\n

4 December 2024<\/p>\n","protected":false},"excerpt":{"rendered":"

Standard & Poor\u2019s (S&P Global) has once again reaffirmed the Dominican Republic\u2019s credit rating at \u201cBB with a stable outlook,\u201d highlighting the country\u2019s 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 … <\/p>\n

Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[330,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/227903"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=227903"}],"version-history":[{"count":3,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/227903\/revisions"}],"predecessor-version":[{"id":227943,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/227903\/revisions\/227943"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=227903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=227903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=227903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}