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Paraguay’s Rating Raised to Ba3 by Moody’s on Growth Outlook

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Jan. 8 (Bloomberg) -- Paraguay’s credit rating was boosted one level by Moody’s Investors Service, which cited the country’s “improved medium-term growth prospects.”

Moody’s raised the nation’s rating to Ba3, three levels below investment grade and in line with that of El Salvador and Nigeria. The outlook on the rating is stable, Moody’s said in a statement.

To contact the reporter on this story: Boris Korby in New York at bkorby1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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