The Dominican Republic’s ruling PRM party achieved a significant victory in the municipal elections, securing 75% of the total with 99.0% of votes counted. This outcome reaffirms the broad support for President Abinader and the PRM, as indicated by polls predicting over 50% voter support for Abinader in the upcoming presidential elections on May 4. The strong backing for the PRM is seen as a positive factor for credit stability, reducing the risk of fiscal mismanagement ahead of the elections.