Moody's and Fitch give Nicaragua good credit ratings

Managua, Nicaragua; January 06, 2016

In 2015, two of the most important credit rating agencies, Fitch Ratings and Moody’s, assigned Nicaragua good credit ratings due to its good economic performance. Such ratings were underpinned by the country’s positive economic growth trend, track record of prudent fiscal policy and debt reduction, and consistent exchange rate and fiscal policies that have supported macroeconomic improvement and declining inflation since the mid-1990s.

In july 2015, Moody’s, a credit rating agency, upgraded Nicaragua’s ratings from B3 to B2. In its 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”.

In turn, Fitch Ratings Agency assigned “B+” first time rating to Nicaragua. The agency also added that Nicaragua's medium-term growth prospects, at 4.5 percent on average for 2015-2017, are broadly in line with rating category peers. Additionally, Nicaragua's balance of payments has steadily strengthened since the mid-1990s, thanks to lower external debt service, investment in alternative energy supply, and export diversification.

Fitch Ratings Inc. and Moody’s, are two of the three Nationally Recognized Statistical Rating Organizations (NRSRO) designated by the U.S. Securities and Exchange Commission, together with Standard & Poor's, and the three are commonly known as the "Big Three Credit Rating Agencies".

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En español: Moody's y Fitch dan a Nicaragua buenas calificaciones crediticias