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Fitch assigns BB- to Paraguay bonds
Fitch Ratings said it assigned a BB- rating to Paraguay's $1 billion bonds maturing Aug. 11, 2044. The bonds have a coupon rate of 6.1%.
Proceeds will be used to finance infrastructure and energy projects, as well as to provide support to certain sectors of the economy.
The rating is in line with Paraguay's long-term foreign currency issuer default rating of BB- with a positive outlook.
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