Guatemala US$1.4 Billion Notes Rated 'BB'

MEXICO CITY (S&P Global Ratings) July 30, 2024--S&P Global Ratings today said it assigned its 'BB' issue rating to Guatemala's new notes totaling an equivalent of US$1.4 billion: $600 million 6.05% notes due 2031 $800 million 6.55% sustainable notes due 2037 The ratings on the notes are at the same level as the long-term foreign currency sovereign credit rating on Guatemala (BB/Positive/B). The sovereign will use the issuance proceeds for general budgetary purposes, including to roll over its outstanding debt, as well as eligible green and social projects under its sustainability financing framework. The 'BB' ratings on Guatemala reflect its track record of macroeconomic stability and economic resilience. The country's manageable fiscal deficits, very low net debt, strong external profile,

...July 30, 2024 MEXICO CITY (S&P Global Ratings) July 30, 2024--S&P Global Ratings today said it assigned its '##' issue rating to Guatemala's new notes totaling an equivalent of US$1.4 billion: - $600 million 6.05% notes due 2031 - $800 million 6.55% sustainable notes due 2037 The ratings on the notes are at the same level as the long-term foreign currency sovereign credit rating on Guatemala (##/Positive/B). The sovereign will use the issuance proceeds for general budgetary purposes, including to roll over its outstanding debt, as well as eligible green and social projects under its sustainability financing framework. The '##' ratings on Guatemala reflect its track record of macroeconomic stability and economic resilience. The country's manageable fiscal deficits, very low net debt, strong external profile, and history of sound monetary policy are key credit strengths. On the other hand, it faces substantial social and infrastructure needs that curtail growth prospects, and conservative...

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