Fitch: Investment and Public Policies Will Boost Construction Sector in the Dominican Republic

BOGOTA, Colombia--()--Link to Fitch Ratings' Report: Construction Sector in the Dominican Republic -- Challenges and Opportunities
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=741736

The performance of the construction sector in the Dominican Republic (in the short- and medium term) will depend on the Dominican State's capacity to invest in infrastructure and the implementation of public policies to encourage private investment in the sector, according to a Fitch Ratings special report.

During the past 10 years, the performance of the construction sector in the Dominican Republic has emerged as one of the most sensitive to economic cycles, with high volatility and GDP lower than the overall economy.

'In the short term, the implementation of various infrastructure projects by the public sector will help boost the sector', said Jose Luis Rivas, Associate Director in Fitch's Latin America Group.

'The implementation of the Law for the Development of the Mortgage Market and Trust is expected to help boost the sector in the medium and long term, and to mitigate the increased housing deficit in the country', said Jorge Yanes, Director in Fitch's Latin America Group.

For more information, the special report titled 'Construction Sector in the Dominican Republic: Challenges and Opportunities' is available on the Fitch Ratings web site at www.fitchratings.com.

Additional information is available at 'www.fitchratings.com'.

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Contacts

Fitch Ratings
Jose Luis Rivas
Associate Director
+ 57 1 326-9999 Ext.1016
Fitch Ratings Colombia
Calle 69A N.9-85
Bogota, Colombia
or
Jorge Yanes
Director
+ 57 1 326-9999 Ext.1170
or
Media Relations:
Elizabeth Fogerty, New York, +1 212-908-0526
Email: elizabeth.fogerty@fitchratings.com

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Contacts

Fitch Ratings
Jose Luis Rivas
Associate Director
+ 57 1 326-9999 Ext.1016
Fitch Ratings Colombia
Calle 69A N.9-85
Bogota, Colombia
or
Jorge Yanes
Director
+ 57 1 326-9999 Ext.1170
or
Media Relations:
Elizabeth Fogerty, New York, +1 212-908-0526
Email: elizabeth.fogerty@fitchratings.com