Moody’s upgrades Nicaragua’s ratings due to its good economic performance

Managua, Nicaragua; July 14, 2015

The credit rating agency Moody’s, upgraded Nicaragua’s ratings from B3 to B2. In its recent publication, Moody’s stated that “Nicaragua is one of the fastest growing economies among its Latin American peers and its GDP growth is in line with the B-median”.

The agency also said that the country’s foreign direct investment (FDI) has shown an upward trend over recent years. In 2014, FDI covered 90 percent of the current account deficit, being the US the largest source of FDI.

Additionally, Moody’s acknowledged the achievements of the Nicaraguan Government, who has been working to diversify its energy matrix, reducing its dependence on oil imports. In 2000, thermoelectric energy accounted for 81 percent of Nicaragua's energy matrix, by 2014 that share had fallen to 45 percent and authorities expect this percentage will further decrease to 20 percent by 2018. Finally, the fall in oil prices has brought about a reduction in Nicaragua's current account deficit, which means that less external financing is needed.

Moody's Corporation is the parent company of Moody's Investors Service, which provides international financial research on bonds issued by commercial and government entities. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default.

For more information, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.

En español: Moody’s sube calificación de Nicaragua gracias al buen manejo de su economía