Moody’s rates El Salvador notes B3

Moody’s Investors Service said it assigned a rating of B3 to the $1.097 billion global bond due Jan. 20, 2050 issued by El Salvador.

“The B3 rating assigned to the bond is at the same level as the long-term foreign-currency issuer rating of the government of El Salvador, for which the outlook is stable,” the agency said in a news release.

“El Salvador's B3 rating incorporates the country's low economic strength, which takes into account El Salvador's relatively weak growth levels over the past decade, averaging just 2% from 2009 to 2018, with a slight acceleration to around 2.4% since 2015.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.