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View Full Version : Chinchilla Says Costa Rica Deficit-Reduction Plan Faces Failure - Bloomberg



NewsWhore
03-01-2012, 04:40 PM
Chinchilla Says Costa Rica Deficit-Reduction Plan Faces Failure (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGwmpCedjyN-s_UqurFHGKK5dub4A&url=http://www.bloomberg.com/news/2012-03-01/chinchilla-says-costa-rica-deficit-reduction-plan-faces-failure.html)
Bloomberg
Increased government spending and stalled tax legislation prompted Standard & Poor to cut Costa Rica's local-currency credit rating on Feb. 13 by one notch to BB, two levels below investment grade and on par with Guatemala.

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