El Salvador Downgraded by Moody’s as Government Debt Rises

  • El Salvador cut to B1 from Ba3 and may be cut further
  • El Salvador bonds have returned 20.9% YTD in JPMorgan Index

El Salvador’s sovereign debt rating was downgraded to B1 from Ba3 by Moody’s Investors Service on Thursday and my be cut further as the government struggles to control a rising debt burden.

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