S&P Confirms Nicaragua's Debt Rating

Standard & Poor's has maintained the rating of B+ for long-term sovereign debt, arguing that economic growth is stable and the burden of public debt remains moderate.

Thursday, February 22, 2018

From a statement issued by Standard & Poor's:

On Feb. 16, 2018, S&P Global Ratings affirmed its 'B+' long-term local and foreign currency sovereign credit ratings on the Republic of Nicaragua. The outlook on the long-term ratings remains stable. At the same time, we affirmed the 'B' short-term local and foreign currency sovereign credit ratings. In addition, we affirmed our transfer and convertibility (T&C) assessment at 'BB-'.

The outlook is stable, based on our expectation that solid growth prospects and cautious fiscal policies will continue to facilitate low budget deficits and contain the country's external financing needs.

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More on this topic

Costa Rica Ends 2018 with Another Downgrade

December 2018

Standard and Poor's announced that it downgraded Costa Rican bonds from BB- to B+, adding to Moody's downgrade in early December.

Standard and Poor's (S&P) reported that the decision was made because the country's fiscal situation could generate a continuous increase in the general government's net debt burden.

Guatemala's Risk Rating Confirmed

October 2018

Arguing a moderate fiscal deficit, low level of public debt and an improvement in the country's external position, Standard & Poor´s kept the country's credit risk rating at BB-.

From the press release of the Banco de Guatemala:

October 31, 2018. The risk rating agency Standard & Poor’s (S&P) confirmed the rating of credit risk for Guatemala in BB- and maintained the stable outlook on Monday, October 29th.

S & P Also Rates Honduras as Negative Outlook

March 2013

Standard & Poor's has revised its outlook on the long-term sovereign rating of Honduras, from stable to negative due to the risk of continued deterioration of macroeconomic stability.

From a statement from Standard & Poor's Ratings Services:

Standard & Poor's has revised the outlook to negative for Honduras because of its larger fiscal deficits

A press release from Fitch Ratings reads:

February 2012

Fitch Affirms Costa Rica’s International Rating as 'BB +', Outlook Stable

Fitch Ratings - New York - February 14th , 2012: Fitch Ratings has affirmed the International Ratings (IDR) and the Country Ceiling of Costa Rica, as detailed below:
- Classification of long-term foreign currency 'BB +';

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