...MEXICO CITY (S&P Global Ratings) Jan. 4, 2017--S&P Global Ratings today assigned its 'B+' issue rating on the Republic of Honduras' US$500 million senior unsecured bond due in 2027. The proceeds from the issuance will be loaned to the National Electric Energy Company (ENEE) for the repayment of account payables owed to suppliers and to repay other indebtedness of ENEE. The rating on the bond is the same as the long-term foreign currency sovereign credit rating on Honduras. Our ratings on Honduras reflect the Honduran government's commitment to maintaining disciplined public finances, which could continue improving the country's fiscal flexibility. Moreover, Honduras continues to make efforts to address its major challenges related to overall weak institutions, crime, and high poverty. The positive outlook on Honduras reflects our view that strengthening revenue management and tighter controls of current expenditures could improve Honduras' fiscal flexibility faster and, as a result, contain...
