[DR1] DR working to improve credit ratings

[NewsWhore]

The International Financial Review is praising the Dominican Republic's efforts to improve its own credit ratings. The US publication says that the Ministry of Finance is doing a great job on that front. According to the journal, through "strong fiscal positions and with financing covered throughout the year, the administration of their debts and the handling of local markets, (the Dominican Republic) is convincing the risk assessment agencies that an upgrade of their ratings is in order." The magazine adds that the public credit people that went to the Interamerican Development Bank's annual meeting would agree with this assessment. Furthermore, the financial publication points out that the newly-appointed Director of Public Credit for the Dominican Republic, Hector Guiliani, has said that he plans to issue treasury bonds as early as next year. At the same time, Guiliani told reporters that "an upgrade from the current B3/B/B is a priority, and the government expects to argue its case and re-evaluate this classification by the risk assessment agencies."

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