Friday, November 18, 2016

Fitch Affirms Rwanda at 'B+'; Outlook Stable

(The following statement was released by the rating agency)

LONDON, November 18 (Fitch) Fitch Ratings has affirmed Rwanda's

Long-Term

Foreign and Local Currency Issuer Default Ratings (IDRs) 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 and Local Currency IDRs at 'B'.

KEY RATING DRIVERS

Rwanda's 'B+' IDRs and Stable Outlook reflect t

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