S&P Global Ratings upgrades Nicaragua's rating from “B” to “B+”

S&P GLOBAL RATINGS UPGRADES NICARAGUA'S RATING FROM “B” TO “B+”, WITH A STABLE OUTLOOK

The Central Bank of Nicaragua reports that today, October 23, 2024, the international risk rating agency S&P Global Ratings, raised the credit rating of the Government of Nicaragua from “B” to “B+”, with a stable outlook.

According to the risk rating agency, the improvement in the rating reflects the commitment of the Government of Nicaragua to macroeconomic stability and the implementation of prudent fiscal policies, which contributes to mitigating adverse economic situations. Likewise, the rating agency highlights the resilience of the financial sector, with high indicators of capitalization, liquidity and profitability.

For its part, the stable outlook is based on the expectation of continued economic growth, coupled with fiscal consolidation.

This rating action is part of the annual review of the sovereign rating that this agency grants to Nicaragua.

Here is the link to the press release from S&P Global Ratings.

https://www.capitaliq.com/CIQDotNet/CreditResearch/SPResearch.aspx?DocumentId=59725850&From=SNP_CRS

Source: 19 Digital