Sovereign ratings of Guatemala and the region as of 2026

Dossier: Guatemala against the region19-benchmark-regional.md
Domain: Guatemala against the regionbenchmark-regional
Room: Economy/economia
Audited: not audited

Snapshot as of August 2026 (Moody's / S&P / Fitch): Guatemala Ba1 stable (affirmed 30 April 2026) / BB+ stable (action date under verification, ISS-SP-DATE) / BB+ stable (upgraded from BB on 14 October 2025); Costa Rica Ba2 stable (upgraded from Ba3 on 24 September 2025) / BB (upgraded from BB-, date to be confirmed) / BB positive (December 2025); El Salvador B3 positive (February 2026) / B- stable (one source headlines an upgrade to B, to verify) / B- stable; Honduras B1 stable (18 July 2025) / BB- (2036 bond) / not rated by Fitch; Nicaragua B2 stable (23 February 2026, verified in the BCN PDF) / B+ / B stable (7 May 2026); Dominican Republic Ba2 (upgraded August 2025) / BB stable / BB- stable (outlook lowered April 2026); Mexico Baa3 stable (downgraded from Baa2 on 20 May 2026) / BBB negative (12 May 2026) / BBB- stable (10 April 2026).

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

Guatemaladossier 10 (S&P nivel; Fitch 14-oct-2025 vía verificación de prensa): Ba1 stable / BB+ stable / BB+ stableAug 2026
Costa RicaHacienda CR, S&P, MEF Paraguay: Ba2 stable / BB / BB positiveAug 2026
MexicoEl Financiero, SHCP, Fitch: Baa3 stable / BBB negative / BBB- stableAug 2026
NicaraguaBCN, S&P, Latina Republic: B2 stable / B+ / B stableAug 2026

Caveat

several rating actions to be cross-checked against agency releases (S&P Costa Rica and Nicaragua undated; S&P El Salvador B vs B-)

Sources

S&P Global Ratings, Guatemala (acción may-2025)disclosure.spglobal.comconsulted Aug 19, 2026
La Nación AR/Reuters, Moody's eleva a Costa Rica a Ba2 (24-sep-2025)lanacion.com.arconsulted Aug 22, 2026
BCN Nicaragua, comunicado Moody's 23-feb-2026bcn.gob.niconsulted Aug 19, 2026
El Financiero MX, 21-may-2026, Moody's baja nota crediticia a Méxicoelfinanciero.com.mxconsulted Aug 22, 2026
Investing.com, Moody's afirma B1 a Honduras (18-jul-2025)investing.comconsulted Aug 19, 2026
Latinvex, Dominican Republic structural outlier (calificaciones RD)latinvex.comconsulted Aug 19, 2026
MEF Paraguay, Regional Outlook of Sovereign Ratings, dic-2025mef.gov.pyconsulted Aug 19, 2026

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.