Recently, the credit rating agency Moody's raised Paraguay's credit rating from Ba1 to Baa3. For the first time in its history, Paraguay has reached investment grade and joined Chile, Colombia, Mexico, Peru, Panama and Uruguay in the selected group of countries in the region with "investment grade".
Investment grade represents Paraguay’s significant achievements, especially the country’s sustained economic growth in recent years, resilience and economic diversification, and the development brought to Paraguay by institutional reforms. Exchange rate stability and effective management of international reserves help to establish the country’s established external position. These achievements will not only benefit Paraguay in terms of financing costs and attracting local and foreign investment, but will also put the country in the international market and spotlight, making Paraguay one of the lowest risk countries in the Latin American region.
