Article: PARAGUAY: MOODY'S ISSUES ANNUAL REPORT ON PARAGUAY.

In its annual report on Paraguay, Moody's Investors Service says the country's B3 foreign and local currency ratings are constrained by Paraguay's low levels of economic development, its vulnerabilities to external shocks, and the narrow foreign-currency earnings base. Paraguay is also at an historic crossroads as six decades of presidential rule by the Colorado Party came to an end in April with the victory of a coalition led by President-elect Fernando Lugo, a now-inactive Catholic bishop who will take office in August. "Although he campaigned on a populist platform, raising concerns about policy changes if elected, Mr. Lugo's initial declarations have been ...

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