S&P lowers Nicaragua rating because of civil conflict and violence

As was to have been expected, Standard & Poor’s reduced its rating for Nicaragua from "B+" to "B", with a negative outlook, due to the ongoing civil conflict and violence in the country.

The ratings agency said that its view was influenced by the three months of violence and deaths amid protests and political stagnation.

Only five months ago, S&P ratified Nicaragua's "B+" with a stable outlook.