The Republic of Nicaragua has low per capita income, monetary policy rigidities, and vulnerability to external shocks. Nicaragua also has low general government debt and debt-service burdens, and political stability. We are assigning 'B+' long-term and 'B' short-term local and foreign currency sovereign credit ratings to Nicaragua. The outlook is stable, reflecting our expectation that Nicaragua will maintain a favorable debt profile due to moderate fiscal deficits, good access to official funding on concessional terms, and steady GDP growth above 4%. On Feb. 11, 2016, Standard&Poor's Ratings Services assigned its 'B+' long-term local and foreign currency sovereign credit ratings to the Republic of Nicaragua. The outlook on the long-term ratings is stable. We also assigned 'B' short-term local
