| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for El Salvador > News item |
Fitch rates El Salvador notes CCC+
Fitch Ratings said it rated El Salvador’s $1 billion of bonds and an interest-only bond both maturing April 17, 2030. The bond has a coupon of 9¼%. The interest-only bond has an initial coupon of 0.25% with a step up to 4% based on a macro test as defined by the bond's prospectus.
“The bond ratings are in line with El Salvador's long-term foreign-currency issuer default rating (IDR) of CCC+, which Fitch upgraded on May 5, 2023,” the agency said in a press release.
El Salvador plans to use the proceeds to repurchase debt and for general budgetary purposes.
© 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.