July 25, 2018 |
S&P Global Ratings has downgraded Nicaragua's credit ratings to B from B+, saying that deadly protests around the country have weakened the federal government and made it more difficult to get funding from abroad.
"In our view, the recent events in the country have weakened future growth prospects and the political pillars that had sustained pragmatic economic policies in recent years," S&P said in a report.
The outlook is negative, S&P said, as the prospects for economic growth fade
Rating agency says civil unrest puts the banking system at risk and limits country's access to external financing