Fitch BB rating for El Salvador $800 million issue
Thursday, December 6, 2012
Fitch Ratings assigned a 'BB' rating to El Salvador's $800 million global bonds due in 2025.
The ratings are in line with El Salvador's long-term foreign currency issuer default rating of 'BB', which has a negative outlook.
The government is re-entering international capital markets with the objective of securing funds for an unlikely early payment of a bond with a put option due in January 2013, while the rest could finance buybacks of short-term debt.
Source: Reuters