Headline: "S&P Global Elevates Costa Rica's Credit Rating Outlook"
S&P Global, the international credit rating agency, has affirmed Costa Rica's credit rating and revised its outlook upwards due to potential improvements in its external profile. According to the agency, the country's long- and short-term foreign and local currency ratings remain at "BB-". The statement noted that stronger external buffers, a narrower current account deficit, and robust foreign direct investment could reduce Costa Rica's exposure to potential balance of payments risks. S&P Global commented that as Costa Rica strengthens its position as a regional hub for high-quality production and services, resource utilization could enhance long-term economic growth. However, the agency warned that restrictions on timely access to external financing still negatively impact the rating. Following these developments, the credit rating outlook has been revised from "stable" to "positive."