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Fitch Ratings affirms Adani Ports at BBB- ; outlook negative
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Fitch Ratings assigned Ipoteka-Bank s debut Eurobond issue
of USD 300 million with a 5.5% interest rate maturing in 2025 with
a final rating of BB- . Ipoteka-Bank uses proceeds from
the issue mainly for lending in foreign currency to local borrowers
in Uzbekistan.
The bond rating is on par with Ipoteka-Bank s Long-term
Issuer Default Rating (the IDR ), as the bonds represent
the bank s unconditional, senior unsecured obligations, equal
in priority with obligations to its other senior unsubordinated
creditors.
Ipoteka-Bank s IDR BB- reflects Fitch Ratings
view of a moderate likelihood of support from the Uzbek government.
Wapda is the country’s first public sector entity that has launched the GEB to meet its financial needs for the construction of mega projects. Creative Commons/ File
LAHORE: The Water & Power Development Authority (Wapda) on Monday listed the Indus Bond a green Eurobond (GEB) on the London Stock Exchange (LSE) to raise $500 million to finance mega hydropower projects.
Talking to
Dawn, Wapda Chairman retired Lt General Muzammil Hussain said: “Since we need about $2.2 billion ($1.5bn in first two years and the rest subsequently), we have initially a listed $500 million Eurobond. The number of bonds will be gradually increased depending upon the financial needs for the projects.”
Fitch affirms Croatia s credit rating at BBB- , outlook stable Fitch (Author: fitchratings.com) License: all rights reserved.
ZAGREB (Croatia), May 25 (SeeNews) - Fitch Ratings said it affirmed Croatia s long-term foreign-currency Issuer Default Rating (IDR) at BBB- with a stable outlook.
Fitch sees Croatia s economy growing by 5.5% in 2021, subject to the expected recovery of the tourism sector by at around two-thirds of its pre-pandemic level, it said in a statement last week.
The global ratings agency also said: KEY RATING DRIVERS
Croatia s ratings balance strong structural features, including higher human development, governance indicators and GDP per capita than peers, with high public sector debt and a record of low GDP growth, partly due to the slow adoption of structural reforms. The Stable Outlook weighs large short-term downside risks related to pandemic developments against stronger medium-term growth prospects linked to substantial EU fund supp
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