February 24, 2017 / 1:53 AM / 6 months ago

BRIEF-S&P says Costa Rica long-term ratings affirmed at 'BB-' with negative outlook

Feb 23 (Reuters) -

* Costa Rica long-term ratings affirmed at 'BB-' with a negative outlook as fiscal and external vulnerabilities remain

* Ratings reflect monetary inflexibility, consistently high fiscal deficits that continue to translate into growing debt burden, rising interest payments

* Costa Rica's fiscal deficits will remain high in the absence of a comprehensive fiscal reform, weakening its public finances

* We expect GDP growth to be 4% in 2017, compared with an estimated 4.3% last year. Source text : bit.ly/2milXKW

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