Fitch assigns Croatia’s USD 1.5bn Eurobond with BBB- rating.

By bne IntelliNews March 29, 2013

Fitch Ratings said on Thursday, March 28, it has assigned a 'BBB-'rating to Croatia’s newly issued Eurobond worth USD 1.5bn. The ten-year bond has a coupon of 5.5% and is due 4 April 2023. Fitch said in a short note the rating is in line with the sovereign’s long-term rating, which has a negative outlook and was affirmed in November 2012. The rating of the Eurobond is therefore is sensitive to any changes in the sovereign rating.

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