NewsWhore
03-05-2007, 05:00 PM
Franco Uccelli, who covers the DR for Bear & Stearns has released a positive outlook report on the Dominican Republic following a recent field trip to the country. He reaffirms the firm's "outperform" recommendation on the credit. "We view the Dominican Republic as an improving credit story, supported by its relatively strong economic performance and promising prospects," he reports.
On the downside, the country needs to deal with a presidential election in 2008, a fiscal plan, and an ongoing electricity crisis. Regardless, he concludes that "we believe that the Dominican Republic's renewed economic strength and proven resilience will allow it to keep pressures related to these challenges generally contained, keeping them from having a significant impact on its overall economic performance."
Bear & Stearns reports that since his visit, Uccelli has "upgraded the recommendation on the credit to outperform."
For the complete 5 March report, see http://dr1.com/news/2007/030507_Uccelli.shtml
More... (http://www.dr1.com/index.html#2)
On the downside, the country needs to deal with a presidential election in 2008, a fiscal plan, and an ongoing electricity crisis. Regardless, he concludes that "we believe that the Dominican Republic's renewed economic strength and proven resilience will allow it to keep pressures related to these challenges generally contained, keeping them from having a significant impact on its overall economic performance."
Bear & Stearns reports that since his visit, Uccelli has "upgraded the recommendation on the credit to outperform."
For the complete 5 March report, see http://dr1.com/news/2007/030507_Uccelli.shtml
More... (http://www.dr1.com/index.html#2)