The miltary coup by Frank Bainimarama has had another negative effect on the Fiji economy with cradit ratings agency Standard and Poors saying the country's long-term outlook was not good.
Standard and Poors has lowered two ratings for Fiji saying the long term credit outlook for the country is negative following the December 5th coup.
S&P has lowered the foreign currency rating from B plus to B.
Associate Director Kyran Curry said the decision reflects the increasing external pressures coupled with a pattern of large current account deficits, despite the Reserve Bank's capital controls.
He said the tourism sector is hard hit by the unrest so current account payments would outstrip receipts and the political situation will continue to put off foreign investment and another downgrade is possible if external financing pressures continue.
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