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Published on 10/1/2007 in the Prospect News Emerging Markets Daily.

Fitch rates Ghana bond B+

Fitch Ratings said that following the successful issue of the Republic of Ghana's debut sovereign bond, it has assigned the $750 million 10-year security a final long-term foreign currency issue default rating of B+ and a recovery rating of RR4.

The long-term issuer default rating is in line with the Republic of Ghana's issuer default ratings of B+, which are on positive outlook, the agency noted.


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