After default, El Salvador tries to calm foreign investors

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

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