Fitch rates Guatemala bonds BB-

Fitch Ratings said it gave BB- ratings to Guatemala's $500 million bond maturing Oct. 7, 2033, with a coupon of 3.7% and $500 million bond maturing Oct. 7, 2041, with a coupon of 4.65%.

“The bonds ratings are in line with the Guatemala's long-term foreign-currency issuer default rating (LT FC IDR) of BB-,” the agency said in a press release.

Guatemala will use the proceeds for general budgetary purposes including to refinance public debt.

The outlook is stable.

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