21 September 2010

COSTA RICA: Moody's Upgrade Powers 1st Debt Sale Since 2004.

BLOOMBERG/      After Moody's raised Costa Rica's credit rating to Baa3, equal to Brasil's, yields plunged on the country’s 6.548 % notes due in 2014 to a record low of 2.57 % last week. And new President Laura Chinchilla (pictured) began  seriously considering selling her nation's debt overseas... for the first time since 2004.