MEXICO CITY (S&P Global Ratings) July 23, 2026--S&P Global Ratings today said it assigned its 'BB-' issue rating to Honduras' $815.7 million bond due 2036 with a 6.4% interest rate. The rating on the bond is the same as the long-term foreign currency sovereign credit rating on Honduras (BB-/Stable/B). As part of the transaction, the government used $615.7 million to roll over debt and had previously announced a cash tender offer to repurchase an outstanding sovereign bond maturing in 2027. The 'BB-' long-term ratings on Honduras reflect the country's comparatively low per capita GDP and its weak institutions. On the other hand, the country has maintained low fiscal deficits and a favorable debt profile, with most sovereign debt coming from
