Economy July 13, 2018 | 8:03 pm

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Fitch rates Dominican US$1.3 B bonds ‘BB-‘

Press Release

New York.- Fitch Ratings has assigned a ‘BB-‘ rating to Dominican Republic’s USD1.3 billion bonds, maturing July 2028. The notes have a coupon of 6%.

Proceeds from the issuance will be used for general purposes of the government, including the partial financing of the 2018 budget.


The bond rating is in line with Dominican Republic’s Long-Term Foreign-Currency Issuer Default Rating(IDR) of ‘BB-‘.


The bond would be sensitive to any changes in Dominican Republic’s Long-Term Foreign Currency IDR. Fitch affirmed Dominican Republic’s Long-Term Foreign Currency IDR at ‘BB-‘ with a Stable Outlook on Nov. 16, 2017.

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