Andorra, Government of -- Moody's assigns Baa2 rating to Andorra's May 2021 bond issuance
Published on: Wednesday 16 February 2022
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.
