[DR1] S&P maintain DR credit rating

[NewsWhore]

Standard and Poor's have maintained their current credit ratings for the Dominican Republic at B, according to the S&P representative for the DR. Richard Francis, analyst for S&P, writes that "the rating is still B with a stable outlook. We (S&P) changed the rating to B from SD - selective default or selective non-fulfillment." S&P's last credit rating for the Dominican Republic was issued last October 2005. In the language of the risk assessors, a rating of B or BB means that bonds issued by such an entity are to be considered as, at least, speculative, with regards to payment capacity. Bonds rated CCC or CC have an even higher speculative capacity.

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