A political stalemate that caused El Salvador to default on some local debt poses no risk to foreign investors, said Finance Minister Carlos Caceres.
âWe regret the worry that this has caused for our investors and weâre aware of the effects of this issue, but we guarantee that other obligations are not affected,â Caceres said in a telephone interview from El Salvador.
Caceres spoke hours before S&P Global Ratings cut El Salvadorâs credit rating, saying a âselective defaultâ appeared inevitable a...
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