Botswana's BWP500 Million 5-Year Bond Rated 'A+'; 'A/A-1' Foreign Currency Ratings Affirmed - S&P Global Ratings’ Credit Research

Botswana's BWP500 Million 5-Year Bond Rated 'A+'; 'A/A-1' Foreign Currency Ratings Affirmed

Botswana's BWP500 Million 5-Year Bond Rated 'A+'; 'A/A-1' Foreign Currency Ratings Affirmed - S&P Global Ratings’ Credit Research
Botswana's BWP500 Million 5-Year Bond Rated 'A+'; 'A/A-1' Foreign Currency Ratings Affirmed
Published Mar 26, 2003
845 words — Published Mar 26, 2003
Price US$ 150.00  |  Buy this Report Now

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Abstract:

LONDON (Standard&Poor's) March 26, 2003--Standard&Poor's Ratings Services said today it assigned its 'A+' local currency senior unsecured debt rating to the Republic of Botswana's pula (BWP) 500 million ($96 million) bond maturing in 2008. The bond is the first ever issued by the Republic, and is to be followed by two further issues during 2003/2004, raising a combined total of BWP2.25 billion. At the same time, the 'A/A-1' foreign currency and 'A+/A-1' local currency issuer credit ratings on the Republic were affirmed. The outlook is stable. The ratings balance enduring fiscal flexibility and a track record of economic and political stability against significant development needs, dependence on the global diamond market, and the mounting macroeconomic impact

  
Brief Excerpt:

RESEARCH Botswana's BWP500 Million 5-Year Bond Rated 'A+'; 'A/A-1' Foreign Currency Ratings Affirmed Publication date: 26-Mar-2003 LONDON (Standard & Poor's) March 26, 2003--Standard & Poor's Ratings Services said today it assigned its...

  
Report Type:

Ratings Action

Ticker
1000Z@BG
Issuer
Botswana (Republic of)
Sector
Global Issuers
Country
Botswana
Region
Europe, Middle East, Africa
Format:
HTML HTML
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MLA:
S&P Global Ratings’ Credit Research. "Botswana's BWP500 Million 5-Year Bond Rated 'A+'; 'A/A-1' Foreign Currency Ratings Affirmed" Mar 26, 2003. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Botswana-s-BWP500-Million-5-Year-Bond-Rated-A-A-A-1-Foreign-Currency-Ratings-Affirmed-304816>
  
APA:
S&P Global Ratings’ Credit Research. (). Botswana's BWP500 Million 5-Year Bond Rated 'A+'; 'A/A-1' Foreign Currency Ratings Affirmed Mar 26, 2003. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Botswana-s-BWP500-Million-5-Year-Bond-Rated-A-A-A-1-Foreign-Currency-Ratings-Affirmed-304816>
  
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