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Moody’s changes Nicaragua view
Moody's Investors Service said it changed the outlook to negative from stable on Nicaragua's long-term issuer ratings and affirmed the ratings at B2.
The change in outlook to negative reflects Moody's view that a prolonged sociopolitical crisis in Nicaragua is weighing on the sovereign's economic and fiscal strengths, the agency said.
With no resolution to the ongoing conflict in sight, the crisis could materially weaken the government's credit profile, Moody’s noted.
The negative outlook also incorporates the possibility of rising liquidity pressures on the Nicaraguan government if official financing from multilateral institutions were to decline materially as a result of increasing international pressure, the agency added.
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