S&PGR Rates Andorra's Proposed Benchmark Bond 'BBB' LONDON (S&P Global Ratings) April 21, 2021--S&P Global Ratings today said it has assigned its 'BBB' issue rating to the proposed sustainable bond to be issued by Andorra (BBB/Stable/A-2). Criteria Governments Sovereigns: Sovereign Rating Methodology, Dec. 18, 2017 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings, April 7, 2017 General Criteria: Principles Of Credit Ratings, Feb. 16, 2011 General Criteria: Methodology: Criteria For Determining Transfer And Convertibility Assessments, May 18, 2009 Andorra 'BBB/A-2' Ratings Affirmed; Outlook Stable, Jan. 15, 2021