Fitch raises risk rating for DR

International risk assessment firm Fitch Ratings raised the Dominican Republic’s rating to B+ from B, saying that the country has proved itself able to recover even in difficult economic times and has a diversified structure based on a competitive business climate and medium term investments.

Fitch predicts that real economic growth in the Dominican Republic will be 6.2% in 2014 and 5% in 2015-2016. The global financing rating agency also highlights that the 2015 budget will show a reduction in the deficit of 2.4% for the first time since 2007.

[November 2014]