Fitch rates Paraguay bond BB+

Fitch Ratings said it assigned a BB+ rating to Paraguay's $500 million bond with final maturity in 2050.

The bond has a coupon of 5.4%.

The proceeds from the issuance will be used for capital expenditures and to refinance a portion of outstanding debt, Fitch said.

The rating is in line with Paraguay's long-term foreign-currency issuer default rating of BB+.

The bond is sensitive to any changes in Paraguay's ratings, the agency noted.

© 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.