The Fitch Ratings agency improved the outlook for Nicaragua’s note to positive on Monday and left its debt rating unchanged at ‘B-‘, in view of what it considered to be advances in the Central American nation’s fiscal situation as a result of prudent policies .
Fitch said in a report that it expects Nicaragua’s debt to continue to shrink in the coming years to below pre-crisis 2017 levels of 40% of GDP.
The credit agency also anticipates that the solid levels of current account and debt issuance in the Nicaraguan international market will continue to improve its external liquidity.
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