The Bank of Guatemala, jointly with Guatemala’s Ministry of Public Finance, issued a statement reacting to Fitch Ratings’ upgrade of Guatemala’s sovereign credit rating to BB+ from BB with a stable outlook. The authorities framed the move as additional validation by international market participants and noted that Guatemala now sits one notch below investment grade across the three rating agencies. Fitch’s decision was attributed to solid and stable growth, long-term policy prudence, and current account surpluses that support the accumulation of external reserves. The statement also pointed to Fitch’s recognition of progress on institutional reforms and higher public investment in infrastructure and social development. The Bank of Guatemala and the Ministry of Public Finance said they will continue engaging with international market participants to strengthen Guatemala’s credit risk profile and will maintain dialogue with relevant stakeholders through the Interinstitutional Board for the Analysis of the Country Rating (Minapa).

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