|
|
| Instability threatens central America's
attractiveness |
Times have changed since central America had an
unenviable reputation for civil wars and death squads rather
than its credit ratings. Twenty years on from the bad times
of the 1980s, economic integration, stability and growth
characterize the region. Central America is rapidly becoming
a safe haven for bondholders in Latin America.
Larger Latin American bond markets look set for a volatile year,
but investors are still hungry for higher yields. So central
America might have its best year yet, as debt from the small
economies of El Salvador, Costa Rica, Panama and Guatemala catches
the eye of the market.
"There is so much instability in Latin America today that
central America has come out on top. It has become a much improved
investment in the past few years," says Alice Faibishenko, analyst
at Deutsche Bank in New York.
Panama, El Salvador and Guatemala, whose...
