Costa Rica — Sovereign Signal
BT-SFS 61.0/100 · BB · 118 bps over Treasuries
Score and market snapshot
Costa Rica trades 9 bps wide of its fundamentals fit (fitted spread 109 bps).
| Field | Value |
|---|---|
| BT-SFS score | 61.0 / 100 |
| Rank | 12 of 51 |
| Composite rating | BB |
| Agency ratings | Moody's Ba2 · S&P BB · Fitch BB |
| Benchmark USD bond | COSTAR 6.55 34 |
| Spread over Treasuries | 118 bps |
| Yield to worst | 5.33% |
| Duration | 5.4y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 43.6 |
| External | 40.4 |
| Macro | 80.0 |
| Institutions | 87.5 |
The nine metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Current account / GDP | External | -1.5% | 43.8 | IMF | 2026 |
| International reserves, months of imports | External | 4.2 mo | 37.8 | World Bank | 2024 |
| General government debt / GDP | Fiscal | 61.1% | 50.0 | IMF | 2026 |
| Interest expense / revenue | Fiscal | 31.7% | 10.4 | IMF | 2026 |
| Primary balance / GDP | Fiscal | 0.9% | 75.0 | IMF | 2026 |
| WGI institutional composite | Institutions | 0.53 | 87.5 | WGI composite | 2024 |
| Real GDP growth | Macro | 3.6% | 61.5 | IMF | 2026 |
| GDP per capita, USD | Macro | $20,299 | 77.1 | IMF | 2026 |
| Inflation stress | Macro | -0.4% | 96.0 | IMF | 2026 |
Score history
Applying the current methodology to historical sources, Costa Rica moves from 60.3 in 2016 to 61.0 in 2026 (+0.7 points over ten years).
Default and restructuring registry
No bond default or restructuring events in the registry window.
Frequently asked questions
What is Costa Rica's sovereign credit score?
Costa Rica scores 61.0/100 on the BT Sovereign Fundamentals Score, ranking 12 of 51 sovereigns covered. The score is built from nine public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Costa Rica USD bond does BondTerminal track?
COSTAR 6.55 34 (ISIN USP3699PGM34), the near-5-year USD benchmark, currently 118 bps over Treasuries with a 5.33% yield to worst.
Is Costa Rica trading wide or tight of its fundamentals?
Costa Rica trades 9 bps wide of its fundamentals fit (fitted spread 109 bps).
Related
- All 51 sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — every metric, weight, and transformation, in public.
- Costa Rica vs Guatemala — fundamentals and spreads head to head.
- Peru — regional peer, BT-SFS 65.0 · 98 bps.
- Trinidad and Tobago — regional peer, BT-SFS 56.8 · 194 bps.
- Chile — regional peer, BT-SFS 68.9 · 65 bps.