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Fitch assigns BBB to Panama bond
Fitch Ratings said it assigned a BBB rating to Panama's $1 billion global bond issuance maturing March 17, 2028. The bonds have a coupon rate of 3 7/8%.
Proceeds will be used for general budgetary purposes and liability management transactions.
The rating is in line with Panama's long-term foreign-currency issuer default rating of BBB.
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