Friday, May 27, 2016

Fitch Affirms Rwanda at 'B+'; Outlook Stable

(The following statement was released by the rating agency)

LONDON, May 27 (Fitch) Fitch Ratings has affirmed Rwanda's

Long-Term Foreign and

Local Currency Issuer Default Ratings (IDR) at 'B+' with Stable

Outlooks. The

issue ratings on Rwanda's senior unsecured foreign-currency

bonds have also been

affirmed at 'B+'. The Country Ceiling has been affirmed at 'B+'

and the

Short-Term Foreign Currency IDR at 'B'.

KEY RATING DRIVERS

Rwanda's 'B+' IDRs and Stable Outlook balance the economy's high

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