Se encuentra usted aquí

Estudios y Perspectivas - Oficina de la CEPAL en Washington, D.C.

Disponible en:EnglishEspañolPortuguês

Serie que reúne un conjunto de documentos multitemáticos resultantes de los estudios e investigaciones de la CEPAL. Responsable: Oficina de la CEPAL en Washington. ISSN impreso: 1727-9909 ISSN electrónico: 1728-5437.

Último título

Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads
No.178

Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads

Due to historically low internal saving rates, access to external financing is very important to Latin America and the Caribbean (LAC), even more so in the context of the 2030 Agenda and the implementation of the Sustainable Development Goals (SDGs). Public financing falls short of what is needed for this task and must be complemented with private flows, which in fact make up the bulk of the region’s external financing. The credit quality of the sovereigns in the region has an important role in determining how costly the access to private external financing can be.
This report examines the history of sovereign credit ratings in Latin America and the Caribbean, the evolution of credit quality, and the relationship between credit rating changes and the cost of accessing external financing reflected in the behavior of sovereign debt spreads.

  • Bustillo, Inés
  • Perrotti, Daniel E.
  • Velloso, Helvia
diciembre 2018
LC/TS.2018/107
52 p.