Strong rains in Costa Rica have caused significant road damage and prompted extensive search and rescue operations across the country. Additionally, the recent report from the Intendencia de Energía of the Autoridad Reguladora de los Servicios Públicos (ARESEP) revealed that each household experienced an average of six prolonged power outages in 2025, with each outage lasting approximately 8 hours, resulting in nearly 54,000 total events. These disruptions highlight the ongoing challenges faced by the country's infrastructure and utilities, which could impact investor sentiment towards Costa Rican bonds, particularly those maturing in October 2026.

The recent weather events and utility issues in Costa Rica are drawing increased attention from the international financial community, especially as they relate to the country's emerging market status and potential credit risks. The bond desk should monitor these developments closely, as they may affect the stability and reliability of the country's power grid and overall economic performance, which are key factors in assessing the risk profile of Costa Rican sovereign debt.