Foreign Currency: B+/Negative/B Local Currency: B+/Negative/B For further details see Ratings List. Public protests and political discord have disrupted Nicaragua's economy and created political uncertainty. The difficult political environment will hurt economic and fiscal performance in 2018 and potentially next year. As a result, we are revising the outlook on Nicaragua to negative from stable and affirming our 'B+/B' sovereign credit ratings. The negative outlook reflects the risk that this prolonged political impasse worsens Nicaragua's governability and hurts the country's public finances and growth prospects, leading to a downgrade. On June 8, 2018, S&P Global Ratings revised its outlook on Nicaragua to negative from stable. At the same time, we affirmed our 'B+/B' foreign and local currency sovereign credit ratings
