By Sarah Owermohle, CPI Financial Moody’s has assigned a provisional (P)B1 rating to Ethiopia’s upcoming dollar-denominated bond offering, while Standard and Poor’s (S&P) has assigned it a ‘B’ rating. The bond, Ethiopia’s first issuance in international markets, will fund Government capital expenditures, including development of the sugar and energy industries and general budgetary expenses,
The post Ethiopia’s bond offering rated by Moody’s and S&P appeared first on 6KILO.com.