Nicaragua's foreign debt reaches $3.46 billion
The balance of the external debt at the close of the first semester this year rose to $3.46, an increase of $25 million between April and June.
Monday, September 29, 2008
For the Central Bank, the country's foreign debt "reflects a positive tendency" that will lead the country to a sustainable level of debt.
The upward trend in economic growth, prudent fiscal policy and debt reduction explain the B + grade with a stable outlook given by Fitch Ratings.
The agency improved the rating from B to B + highlighting the process of fiscal consolidation in place since 2014 but warned of weak internal controls and limited transparency in the public sector.
Citing a consolidation of the fiscal situation, S & P has upgraded the outlook for sovereign debt notes, but noted that institutional weaknesses, crime and poverty continue to pose challenges.
Fitch has also downgraded the issue ratings on Guatemala's senior unsecured foreign and local currency bonds to 'BB' from 'BB+', with outlook revised to Stable.
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