S&P Lifts Paraguay Rating to Investment Grade, Joins Moody’s

S&P Global Ratings lifted Paraguay’s credit score, granting the South American nation its second investment-grade rating.

S&P raised the country’s sovereign issuer by one notch to BBB-, it announced in a statement Wednesday, citing strong growth, commitment to maintaining low budget deficits and the central bank’s increasing policy credibility. The credit-rating company gave Paraguay a stable outlook.