S&P upgrades Nicaragua

S&P upgrades Nicaragua

Credit Ratings S&P Global Upgrade Bonds Debt Fixed Income Capital Markets Moody's Investors Service Revision Nicaragua Panama

S&P Global Ratings said it upgraded Nicaragua by one notch to B with a stable outlook, based on an economic recovery driven by "external demand thanks to rising exports" and "strong remittances sustaining domestic consumption." Nicaragua's economic recovery follows a three–year recession from 2018 to 2020 caused by political turmoil, natural disasters and the COVID-19 pandemic that still weighs on the country's long-term growth prospects, S&P said in a report on Tuesday. Despite having a

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