LatinNews Daily - 20 August 2025

*Paraguay’s government led by President Santiago Peña has announced that international credit ratings agency Moody’s has reaffirmed the investment grade status achieved by Paraguay in July 2024 in its latest report. The state news agency, Agencia de Información Paraguaya (IP), stated that Moody’s had maintained Paraguay’s sovereign rating at Baa3 and its stable outlook, highlighting strong economic growth in the first quarter, fiscal discipline, and low external vulnerability. Paraguay reported yearly growth of 5.9% in Q1. The IP stated that Moody’s also noted six consecutive quarters of positive growth for gross fixed capital formation, the convergence of the fiscal deficit towards the 1.5% of GDP target in 2026, and a low debt-to-GDP ratio.

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