Moody's cuts Nicaragua to B3

Moody's cuts Nicaragua to B3

Corporate & Sovereign Strategy Economy & Policy Capital Markets Fixed Income Debt Bonds Regulation Nicaragua Central America

Moody's downgraded Nicaragua's ratings to B3 on Friday, saying economic stability has waned on falling investments and reduced access to external credit markets. "The negative effect of the social unrest that the country experienced has been severe for the Nicaraguan economy," Moody's said in a report. "The investment-fueled economic model that served Nicaragua well over the past decade and was a key support of its credit profile has been structurally weakened." According to official figures, Ni

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