- Paying the bills -

Fitch Ratings Could Downgrade Nicaragua’s Rating

Fitch Ratings could downgrade Nicaragua’s sovereign risk rating, currently at B+ with a stable outlook, due the political crisis and violence, in which the country has been immersed since last 18 April.

“If the political crisis and violence continues or deteriorates further, it could provoke a negative credit action. This could imply a negative outlook or a reduction in the rating,” a Fitch representative told EL NUEVO DIARIO.

- payin the bills -

The international firm considers that the losses in the sectors of commerce, transport, tourism and construction, as well as other productive activities, would influence a lower performance, lower than the projected economic growth of the Central Bank of Nicaragua (BCN) of between 3% and 3.5% for 2018.

According to Fitch, the crisis will affect Nicaragua’s credit.

Rolando Martínez, the Fitch Ratings specialist in financial institutions in Central America, believes that if Nicaragua takes longer to return to normal, there would be a slowdown in credit.

According to Martinez, for several years now, Nicaraguan banking has stood out for its good levels of capitalization, liquidity and profitability, giving it a good profile to face current events.

Related Articles

Observatorio Ciudadano reports 113 new cases and 10 suspicious deaths of Covid-19 in a week

TODAY NICARAGUA - The Covid-19 Observatorio Ciudadano (Citizen Observatory) in Nicaragua...

Journalists Demand Cease Of Attacks and cCensorship, Calling Ortega “An Enemy of the Free Press”

Nicaraguan journalism commemorated March 1 the National Journalist Day in the...


- paying the bills -

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.