S&P's rating upgrade and its rationale
- Macroeconomy, ratings and risk
- Sovereign rating and country risk
- Audited
On 23 May 2025 S&P Global raised the long-term sovereign ratings from 'BB' to 'BB+' in both foreign and local currency, affirmed the short-term rating at 'B' and improved the transfer and convertibility assessment from 'BBB-' to 'BBB', with a stable outlook. The research update is titled “Guatemala Upgraded To 'BB+' From 'BB' On Record Of Economic Resilience; Outlook Stable” — verified in the 2026-08-19 audit against the primary source. On 8 May 2026 S&P affirmed BB+/B with a stable outlook; only the title of that action was verified, as the full text is behind restricted access.
The research is written in English; quoted figures, source names and the titles of legal instruments stay in the language their source published them in.
Figures
- Long-term rating (foreign and local currency)
- BB+ (from BB)
- Short-term rating
- B (affirmed)
- Transfer and convertibility assessment
- BBB (from BBB-)
- Subsequent affirmation
- BB+/B, stable outlook
Caveat
Sources
Related records
This layer is research: read from public sources by the archive's own team, every claim cited with the date it was consulted, and audited where it is marked so. It has not entered the verified store — no figure here was fetched back from its source or stamped with a retrieval time — so it wears no red provenance numeral and never mixes with the verified figures.