Standard & Poor’s (S&P), the international credit ratings agency, last week announced that it had lowered its long-term rating on Guatemala to ‘BB-’ from ‘BB’ on “lower economic growth prospects and recurrent political instability”. The move is the latest sign of concern about the impact of the political crisis triggered by calls at the end of August by the International Anti-Impunity Commission in Guatemala (Cicig) and the attorney general’s office (AG) for President Jimmy Morales to be investigated over corruption – since rejected by the legislature. The downgrade came less than a week after the supreme court (CSJ) voted not to investigate Morales over a second case – his receipt of a special bonus from the defence ministry which he has since returned. End of preview - This article contains approximately 691 words.
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