Fitch Ratings affirms the short and long term Issuer Default Rating in local and foreign currency in ‘B’ and maintains the outlook at Positive.

In it’s January 4th 2012 report, the rating agency states that the Outlook reflects the Dominican Republic's good macroeconomic performance, improving prospects for higher export earnings due to the development of the mining sector, and increased availability of external and domestic financing sources.

The Dominican Republic' ratings are underpinned by moderate debt levels, higher GDP per capita than peers, relatively strong social development indicators, and a competitive business environment that supports foreign direct investment inflows.

For more information see the full report in: Fitch Rating’s rating report on Dominican Republic