Fitch Rates Macedonia's EUR270m Eurobond 'BB+'
OREANDA-NEWS. Fitch Ratings has assigned Macedonia's EUR270m Eurobond issuance, maturing 1 December 2020, with a coupon of 4.875% a 'BB+' rating.
KEY RATING DRIVERS
The rating is in line with Macedonia's Long-term foreign currency Issuer Default Rating (IDR) of 'BB+', on which the Outlook is Negative.
The rating would be sensitive to any changes in Macedonia's Long-term foreign currency IDR. On 21 August 2015, Fitch revised the Outlooks on Macedonia's Long-term foreign and local currency IDRs to Negative from Stable and affirmed the IDRs at 'BB+'.