Asunción, Agencia IP.- After a decade, the international rating agency Standard & Poor’s Global Ratings (S&P) upgraded Paraguay’s sovereign credit rating from «BB» to «BB+», where it had been since 2014. This achievement is attributed to Paraguay’s enhanced economic resilience, reflecting a stable outlook.

This significant accomplishment opens up more investment opportunities and economic growth, instilling greater confidence among investors in the national economy. It also facilitates access to improved financial conditions for Paraguay.

Minister of Economy and Finance Carlos Fernández Valdovinos explained that Paraguay is now «one step away from investment grade,» emphasizing the positive impact on the country.

During this week, an official delegation led by Minister Fernández Valdovinos is holding meetings abroad with foreign investors from various countries.

Following the announcement of this rating, S&P highlighted that the country’s investment projects should sustain Paraguay’s economic growth at around 3% between 2024 and 2027.

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