MEXICO CITY (S&P Global Ratings) Sept. 28, 2023--S&P Global Ratings today assigned its 'BB' issue rating to Guatemala's US$565 million notes due in October 2032 at a 7.05% interest rate. The rating on the notes is the same as the long-term foreign currency sovereign credit rating on Guatemala (BB/Stable/B). The sovereign will use the issuance proceeds for general budgetary purposes. Our 'BB' long-term ratings on Guatemala incorporate its resilient economy and long-standing macroeconomic stability. The ratings also reflect our view of its still-developing public institutions and a challenging political environment that constrains policymaking effectiveness. Further steps to promote long-term growth and address high social needs would be key to substantially reduce the country's high poverty level. On the other hand,
