News Andorra Government: Andorra, Government of -- Moody's assigns Baa2 rating to Andorra's May 2021 bond issuance
Rating Action: Moody's assigns Baa2 rating to Andorra's May 2021 bond issuanceGlobal Credit Research - 17 Feb 2022Frankfurt am Main, February 17, 2022 -- Moody's Investors Service ("Moody's") has today assigned a rating of Baa2 to the Government of Andorra's May 2021 senior unsecured bond issuance. The Government of Andorra's long-term issuer rating has a stable outlook.The rating was requested by the rated entity. In May 2021 Andorra issued debt of the amount of EUR 500 million.RATINGS RATIONALEThe Baa2 rating assigned to the bond mirrors the issuer rating of the Government of Andorra.
News Andorra Government: Andorra, Government of -- Moody's assigns Baa2 rating to Andorra; stable outlook
Rating Action: Moody's assigns Baa2 rating to Andorra; stable outlookGlobal Credit Research - 04 Feb 2022Frankfurt am Main, February 04, 2022 -- Moody's Investors Service ("Moody's") has assigned a Baa2 long-term issuer rating to the Government of Andorra and has also assigned a stable outlookThe assignment of the rating balances the following factors:1. Moody's expectation that Andorra's government balance sheet will gradually recover from the pandemic shock;3. A moderate level of economic strength balancing a wealthy economy with constrained growth potential and exposure to a very large banking sector.The stable outlook reflects Moody's expectations that Andorra's credit profile will remain resilient to the pandemic environment.
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News Andorra Government: Andorra withdraws Jocs SA’s controversial casino concession
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