Industry | 2015.03.07
Fitch Rates Costa Rica's USD1B Global Bond 2045 'BB+'
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a long-term foreign currency rating of \'BB+\' to Costa Rica\'s USD1 billion global bond issuance maturing March 12, 2045. The bonds have a coupon rate of 7.158%. The proceeds will be used for the refinancing of domestic and external sovereign debt. KEY RATING DRIVERS Costa Rica\'s ratings are underpinned by its capacity to attract large foreign investment into high value-added manufacturing and services industries. The country remains a competi
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