Fitch provides BB to Guatemala bond

Fitch Ratings said it assigned a BB rating to Guatemala's $700 million global bond issuance maturing May 3, 2026. The bonds have a coupon rate of 4½%.

The government will use the proceeds to pay interest and principal on its outstanding debt obligations and the remainder to finance social and investment programs and capital expenditures.

The rating is in line with Guatemala's long-term foreign currency issuer default rating of BB.

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