Santo Domingo – Leading global credit rating agency Fitch Ratings has formally elevated the Dominican Republic’s long-term sovereign credit rating from BB- to BB, retaining a stable outlook for the Caribbean nation’s economic trajectory. The upgrade is rooted in the country’s proven robust macroeconomic foundations, resilient fiscal and external balance sheets, and consistent, tangible progress in implementing sound economic policy frameworks. Dominican Republic’s Ministry of Finance and Economy issued an official statement welcoming the rating adjustment, framing it as a direct validation of the administration’s years-long policy priorities to safeguard macroeconomic stability, reinforce public fiscal health, and keep steady economic expansion on track even amid lingering global headwinds including volatile commodity prices and uneven cross-border demand. Alongside the rating upgrade, Fitch revised up its 2026 real GDP growth projection for the Dominican Republic by 1 percentage point, lifting the forecast from 3.5% to 4.5% – a full percentage point above the 3.5% median growth rate projected for all BB-rated peer economies worldwide. The agency further forecasts that this strong growth momentum will hold near the 4.5% mark through 2027 and 2028, driven by surging tourism arrivals, expanding non-traditional export volumes, ongoing large-scale construction projects, and a broad post-pandemic recovery in domestic and foreign direct investment. A key factor underpinning the positive rating action is the Dominican government’s newly unveiled June 2026 Anti-Crisis Plan, a targeted policy package designed to boost public revenue collection and entrench long-term fiscal sustainability. Fitch confirmed that the implementation of these measures allowed it to eliminate a prior negative structural adjustment tag applied to the country’s rating, marking a measurable improvement in national economic governance standards. Fitch’s macroeconomic projections also show the Dominican Republic’s central government debt will fall to 47.9% of GDP by the end of 2026, well below the 52.5% median debt level recorded across all BB-rated sovereigns. The country’s current account deficit is also projected to shrink to just 1.2% of GDP, supported by steady inflows from tourism, export earnings, diaspora remittances, and sustained foreign direct investment. Complementing the sovereign rating upgrade, Fitch also raised the Dominican Republic’s country ceiling to BB+, citing notable progress in expanding exchange rate flexibility and reducing administrative barriers to foreign exchange transfers for businesses and individuals. In its official response, the Dominican government pledged to maintain its policy focus on advancing fiscal sustainability, exercising prudent debt management practices, and rolling out targeted regulatory reforms to bolster investor confidence and unlock durable, inclusive long-term economic growth. For additional updates on Dominican Republic economic developments, readers can access full coverage via DominicanScope.