{"id":8784,"date":"2022-12-13T14:29:17","date_gmt":"2022-12-13T14:29:17","guid":{"rendered":"https:\/\/dmklawyers.com\/?p=8784"},"modified":"2022-12-14T14:55:38","modified_gmt":"2022-12-14T14:55:38","slug":"fitch-ratifies-dominican-republics-risk-rating-at-bb","status":"publish","type":"post","link":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/","title":{"rendered":"Fitch ratifies Dominican Republic’s risk rating at BB-"},"content":{"rendered":"\n

The Fitch Ratings agency ratified the Dominican Republic’s risk rating at BB-, an assessment supported “by a track record of solid economic growth, a diversified export structure and favorable governance scores,” the Ministry of Finance reported on Wednesday.<\/p>\n\n\n\n

The credit rating firm stressed that government subsidies to contain fuel, electricity, and food prices “have prevented a further increase in inflation this year,” according to a statement from the government entity.<\/p>\n\n\n\n

Regarding debt, as a percentage of gross domestic product (GDP), he forecast that this will decrease to 47.1% this year and will remain stable around 48% going forward, below the average “BB”, which is around 54%.<\/p>\n\n\n\n

Although he referred to the challenges that the country may face in 2023 due to tax levels, Fitch stressed that the country has “a considerable margin of cash, which offers greater flexibility to take advantage of financing markets strategically combined with an increase in availability in financing with multilaterals,” according to the note.<\/p>\n\n\n\n

In the statement, Finance Minister Jos\u00e9 Manuel Vicente said that maintaining the rating in an adverse global economic scenario, after an improvement in the outlook last year, “is the product of the Government’s constant effort to maintain the balance of the fiscal accounts and the country’s growth.”<\/p>\n\n\n\n

In the report, Fitch states that the country’s composite worldwide governance indicator (WGI) increased from the 37th to the 50th percentile in the decade leading up to 2021, one of the largest improvements of all countries rated by the firm, reflecting progress in efforts to strengthen institutionality.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Fitch Ratings agency ratified the Dominican Republic’s risk rating at BB-, an assessment supported “by a track record of solid economic growth, a diversified export structure and favorable governance scores,” the Ministry of Finance reported on Wednesday. The credit…<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[149],"tags":[],"class_list":["post-8784","post","type-post","status-publish","format-standard","hentry","category-investment-in-dr"],"acf":[],"yoast_head":"\nFitch ratifies Dominican Republic's risk rating at BB- DMK Abogados<\/title>\n<meta name=\"description\" content=\"Fitch ratifies Dominican Republic's risk rating at BB-\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch ratifies Dominican Republic's risk rating at BB- DMK Abogados\" \/>\n<meta property=\"og:description\" content=\"Fitch ratifies Dominican Republic's risk rating at BB-\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/\" \/>\n<meta property=\"og:site_name\" content=\"DMK Abogados\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DMKAbogados\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-13T14:29:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-14T14:55:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dmklawyers.com\/wp-content\/uploads\/2016\/07\/img-edificio-dmk-abogados-blur.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fuente Externa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DMKAbogados\" \/>\n<meta name=\"twitter:site\" content=\"@DMKAbogados\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fuente Externa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/\"},\"author\":{\"name\":\"Fuente Externa\",\"@id\":\"https:\/\/dmklawyers.com\/#\/schema\/person\/ea8cb9808cd835658a198ff992ae79b2\"},\"headline\":\"Fitch ratifies Dominican Republic’s risk rating at BB-\",\"datePublished\":\"2022-12-13T14:29:17+00:00\",\"dateModified\":\"2022-12-14T14:55:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/\"},\"wordCount\":261,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/dmklawyers.com\/#organization\"},\"articleSection\":[\"Investment in DR\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/\",\"url\":\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/\",\"name\":\"Fitch ratifies Dominican Republic's risk rating at BB- DMK Abogados\",\"isPartOf\":{\"@id\":\"https:\/\/dmklawyers.com\/#website\"},\"datePublished\":\"2022-12-13T14:29:17+00:00\",\"dateModified\":\"2022-12-14T14:55:38+00:00\",\"description\":\"Fitch ratifies Dominican Republic's risk rating at BB-\",\"breadcrumb\":{\"@id\":\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dmklawyers.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fitch ratifies Dominican Republic’s risk rating at BB-\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dmklawyers.com\/#website\",\"url\":\"https:\/\/dmklawyers.com\/\",\"name\":\"DMK Abogados\",\"description\":\"Firma de abogados l\u00edder (TOP-ranked) en la Rep\u00fablica Dominicana\",\"publisher\":{\"@id\":\"https:\/\/dmklawyers.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dmklawyers.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/dmklawyers.com\/#organization\",\"name\":\"DMK Abogados\",\"url\":\"https:\/\/dmklawyers.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dmklawyers.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/dmklawyers.com\/wp-content\/uploads\/2022\/04\/logo-dmk-30anos_2.svg\",\"contentUrl\":\"https:\/\/dmklawyers.com\/wp-content\/uploads\/2022\/04\/logo-dmk-30anos_2.svg\",\"width\":100,\"height\":100,\"caption\":\"DMK Abogados\"},\"image\":{\"@id\":\"https:\/\/dmklawyers.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/DMKAbogados\/\",\"https:\/\/x.com\/DMKAbogados\",\"https:\/\/www.instagram.com\/dmkabogados\/\",\"https:\/\/www.linkedin.com\/company\/dmk-lawyers\/\",\"https:\/\/www.youtube.com\/channel\/UCBYQz9qoWkTyesJ_IOqyzYQ\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dmklawyers.com\/#\/schema\/person\/ea8cb9808cd835658a198ff992ae79b2\",\"name\":\"Fuente Externa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dmklawyers.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/dmklawyers.com\/wp-content\/uploads\/2022\/05\/logo-dmk-30anos.gif\",\"contentUrl\":\"https:\/\/dmklawyers.com\/wp-content\/uploads\/2022\/05\/logo-dmk-30anos.gif\",\"caption\":\"Fuente Externa\"},\"url\":\"https:\/\/dmklawyers.com\/en\/author\/fe\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fitch ratifies Dominican Republic's risk rating at BB- DMK Abogados","description":"Fitch ratifies Dominican Republic's risk rating at BB-","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/","og_locale":"en_US","og_type":"article","og_title":"Fitch ratifies Dominican Republic's risk rating at BB- DMK Abogados","og_description":"Fitch ratifies Dominican Republic's risk rating at BB-","og_url":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/","og_site_name":"DMK Abogados","article_publisher":"https:\/\/www.facebook.com\/DMKAbogados\/","article_published_time":"2022-12-13T14:29:17+00:00","article_modified_time":"2022-12-14T14:55:38+00:00","og_image":[{"width":2000,"height":600,"url":"https:\/\/dmklawyers.com\/wp-content\/uploads\/2016\/07\/img-edificio-dmk-abogados-blur.jpg","type":"image\/jpeg"}],"author":"Fuente Externa","twitter_card":"summary_large_image","twitter_creator":"@DMKAbogados","twitter_site":"@DMKAbogados","twitter_misc":{"Written by":"Fuente Externa","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/#article","isPartOf":{"@id":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/"},"author":{"name":"Fuente Externa","@id":"https:\/\/dmklawyers.com\/#\/schema\/person\/ea8cb9808cd835658a198ff992ae79b2"},"headline":"Fitch ratifies Dominican Republic’s risk rating at BB-","datePublished":"2022-12-13T14:29:17+00:00","dateModified":"2022-12-14T14:55:38+00:00","mainEntityOfPage":{"@id":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/"},"wordCount":261,"commentCount":0,"publisher":{"@id":"https:\/\/dmklawyers.com\/#organization"},"articleSection":["Investment in DR"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/","url":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/","name":"Fitch ratifies Dominican Republic's risk rating at BB- DMK Abogados","isPartOf":{"@id":"https:\/\/dmklawyers.com\/#website"},"datePublished":"2022-12-13T14:29:17+00:00","dateModified":"2022-12-14T14:55:38+00:00","description":"Fitch ratifies Dominican Republic's risk rating at BB-","breadcrumb":{"@id":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dmklawyers.com\/en\/fitch-ratifies-dominican-republics-risk-rating-at-bb\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dmklawyers.com\/en\/"},{"@type":"ListItem","position":2,"name":"Fitch ratifies Dominican Republic’s risk rating at BB-"}]},{"@type":"WebSite","@id":"https:\/\/dmklawyers.com\/#website","url":"https:\/\/dmklawyers.com\/","name":"DMK Abogados","description":"Firma de abogados l\u00edder (TOP-ranked) en la Rep\u00fablica Dominicana","publisher":{"@id":"https:\/\/dmklawyers.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dmklawyers.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/dmklawyers.com\/#organization","name":"DMK Abogados","url":"https:\/\/dmklawyers.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dmklawyers.com\/#\/schema\/logo\/image\/","url":"https:\/\/dmklawyers.com\/wp-content\/uploads\/2022\/04\/logo-dmk-30anos_2.svg","contentUrl":"https:\/\/dmklawyers.com\/wp-content\/uploads\/2022\/04\/logo-dmk-30anos_2.svg","width":100,"height":100,"caption":"DMK Abogados"},"image":{"@id":"https:\/\/dmklawyers.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DMKAbogados\/","https:\/\/x.com\/DMKAbogados","https:\/\/www.instagram.com\/dmkabogados\/","https:\/\/www.linkedin.com\/company\/dmk-lawyers\/","https:\/\/www.youtube.com\/channel\/UCBYQz9qoWkTyesJ_IOqyzYQ"]},{"@type":"Person","@id":"https:\/\/dmklawyers.com\/#\/schema\/person\/ea8cb9808cd835658a198ff992ae79b2","name":"Fuente Externa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dmklawyers.com\/#\/schema\/person\/image\/","url":"https:\/\/dmklawyers.com\/wp-content\/uploads\/2022\/05\/logo-dmk-30anos.gif","contentUrl":"https:\/\/dmklawyers.com\/wp-content\/uploads\/2022\/05\/logo-dmk-30anos.gif","caption":"Fuente Externa"},"url":"https:\/\/dmklawyers.com\/en\/author\/fe\/"}]}},"taxonomy_info":{"category":[{"value":149,"label":"Investment in DR"}]},"featured_image_src_large":false,"author_info":{"display_name":"Fuente Externa","author_link":"https:\/\/dmklawyers.com\/en\/author\/fe\/"},"comment_info":0,"category_info":[{"term_id":149,"name":"Investment in DR","slug":"investment-in-dr","term_group":0,"term_taxonomy_id":149,"taxonomy":"category","description":"","parent":0,"count":698,"filter":"raw","cat_ID":149,"category_count":698,"category_description":"","cat_name":"Investment in DR","category_nicename":"investment-in-dr","category_parent":0}],"tag_info":false,"_links":{"self":[{"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/posts\/8784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/comments?post=8784"}],"version-history":[{"count":2,"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/posts\/8784\/revisions"}],"predecessor-version":[{"id":8786,"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/posts\/8784\/revisions\/8786"}],"wp:attachment":[{"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/media?parent=8784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/categories?post=8784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmklawyers.com\/en\/wp-json\/wp\/v2\/tags?post=8784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}