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S&P Recently Affirms Ratings of the Dominican Republic

Posted by Rob on May 6, 2012
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Solid economic evaluations and ratings for the economy of the country bolster investment interest in many sectors. Dominican Republic real estate, for commercial or residential purposes are among them. At present, the country is a leader in the Caribbean basin in this respect.

S&P has in part based their outlook on the following:

“The stable outlook reflects the Dominican Republic’s solid growth and export prospects and our expectation that the government will continue its efforts to narrow fiscal deficits. We balance these strengths against the risk of fiscal and external deterioration if the government does not implement corrective measures in a timely manner. An advance in addressing the structural deficiencies in the electricity sector, improving tax system efficiency, and strengthening the external profile would benefit the sovereign’s creditworthiness. We expect close cooperation with the IMF and a formal engagement in the second half of 2012.”

Dominican Republic          

Sovereign Credit Rating                B+/Stable/B

Transfer & Convertibility Assessment   BB

Senior Unsecured                       B+

Recovery Rating                       3

These positive economic indicators add to the desirability of Dominican real estate investments for those wishing to invest in the region.

 

Rob Chenvert, ABR®