Country-risk indicator shoots up in Nicaragua

Nicaragua's country-risk indicator has risen by 8.5 points in the 18 months since President Daniel Ortega took over the government.

Thursday, July 17, 2008

Factors that have contributed to the increase include Ortega's conflicts with business groups and opposition politicians, the high rate of inflation and the economic downturn, said economist Néstor Avendaño.
In the second quarter of this year alone, the country-risk indicator rose by 1.5 points to 51 on a scale of zero to 100, Avendaño added at the presentation of a report on the issue.

More on this topic

Costa Rica: Fitch Maintains Sovereign Rating

January 2016

The agency has maintained its BB + rating with a negative outlook but again warned about the high fiscal deficit and the difficulties the country faces in passing a tax reform bill.

From a statement issued by Fitch Ratings:

Fitch Ratings-New York-20 January 2016: Fitch Ratings has affirmed Costa Rica's Long-term foreign- and local-currency IDRs at 'BB+'.

Slight Improvement in Honduras' Country Risk

May 2015

Basing its decision on the progress being made in the economy in fiscal matters, Moody's has raised the outlook rating from positive to stable.

From the press release by Moodys:

New York, May 11, 2015 -- Moody's Investors Service has today revised the outlook on Honduras' government bond ratings to positive from stable.

Fitch Upgrades Ccsta Rica to 'BB+'

March 2011

Fitch upgraded Foreign currency IDR to 'BB+' from 'BB'; Country ceiling to 'BBB-' from 'BB+'; Local currency IDR affirmed at 'BB+'; and Short-term IDR affirmed at 'B'. The Rating Outlook is Stable.

From the Fitch Report:

"The upgrade reflects Costa Rica's better than expected economic resilience during the global credit crisis, steadily improving macroeconomic stability underpinned by lower inflation and higher international liquidity as well as the country's relatively modest external indebtedness.

Quarterly Country Risk Report: June 2010

July 2010

Central American countries still need to improve their economic performance to reach investment grade ratings.

On its Quarterly Country Risk report for June 2010, the Central American Monetary Council (SECMCA), notes that Moody’s Investor Service improved the foreign currency risk ratings for Guatemala and Nicaragua.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


ATENAS: 13 HA, 1.5 KM from Highway 27, US$ 11/m2

Prime Lake Front Real Estate near San Jose, CR Now Available for Development, an extraordinary commercial real estate opportunity.
A lush 32 acre/13 hectare plot located just West of the...

Stock Indexes

(Aug 30)
Dow Jones
-0.07%
S&P 500
0.14%
Nasdaq
0.38%

Commodities

(Aug 30)
Brent Crude Oil
51.370
Coffee "C"
127.05
Gold
1,310
Silver
17.435