Foreign Currency: B+/Stable/B Local Currency: B+/Stable/B For further details see Ratings List. We expect Nicaragua will continue to enjoy relatively high economic growth and manageable fiscal deficits, which will support a gradual reduction of the country's moderate debt burden. We are affirming our 'B+/B' sovereign credit ratings on Nicaragua. The outlook is stable, based on our expectation that solid growth prospects and cautious fiscal policies will continue to facilitate low budget deficits and contain the country's external financing needs. On Feb. 16, 2018, S&P Global Ratings affirmed its 'B+' long-term local and foreign currency sovereign credit ratings on the Republic of Nicaragua. The outlook on the long-term ratings remains stable. At the same time, we affirmed the 'B' short-term local
