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S&P revises Aruba outlook to stable
S&P said it revised Aruba’s outlook to stable from negative, citing growing prosperity.
“In our view, Aruba's gradually strengthening prosperity boosts the resiliency of the economy. That should support further fiscal consolidation, which is in an incipient stage, despite structural rigidities in government spending and GDP growth prospects that are still below that of peers,” S&P said in a press release.
S&P also affirmed its BBB+/A2 long- and short-term sovereign credit ratings.
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