NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded El Salvador's long-term foreign and local currency IDRs to 'B+' from 'BB-'. Fitch has also downgraded the issue ratings on El Salvador's senior unsecured foreign and local currency bonds to 'B+' from 'BB-'. The Rating Outlooks on the Long-term IDRs have been revised to Stable from Negative. In addition, Fitch has downgraded El Salvador's Country Ceiling to 'BB' from 'BB+' and affirmed the short-term foreign currency IDR at 'B'. KEY RATING
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