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BRIEF-Moody's downgrades El Salvador's rating to Caa1 from B3
April 14, 2017 / 12:47 AM / 6 months ago

BRIEF-Moody's downgrades El Salvador's rating to Caa1 from B3

April 14 (Reuters) -

* Moody’s downgrades El Salvador’s issuer rating to Caa1 from B3 and changes outlook to stable from negative

* Recent missed payments on pension-related bonds signals risk of political impasse leading to missed payments on government debt obligations

* Stable outlook reflects our view that caa1 rating captures the balance of risks to El Salvador’s sovereign credit profile

* Long-term foreign-currency bond and deposit ceilings were lowered to B2 from B1 Source text : bit.ly/2od9J6i

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