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S&P rates Dominican Republic notes BB-
S&P said it gave the Dominican Republic’s $2.5 billion of notes a BB- rating. The notes consist of $1 billion of 4½% notes due 2030 and $1.5 billion of 5.3% notes due 2041.
The rating is the same as the long-term foreign-currency sovereign credit rating on the Dominican Republic, S&P said.
The sovereign will use the proceeds for general budgetary purposes.
The outlook remains negative.
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