MNI BRIEF: EU's Tusk Says US Trade War Must Be Avoided

MNI: UK FINAL JAN MANUF PMI 48.3 (FLASH: 48.2); DEC 47.0

MNI: EUROZONE FINAL JAN MANUF PMI 46.6 (FLASH: 46.1); DEC 45.1

MNI BRIEF: Fed's Goolsbee Supports Slowing Rate Cuts

MNI BRIEF: US Dec Core PCE Inflation In Line With Expectations

MNI BRIEF: Fed's Bowman Wants Inflation Progress Before Cuts

MNI: ITALY JAN FLASH HICP -0.7% M/M, +1.7% Y/Y

MNI: EUROZONE JAN FLASH HICP +2.5% Y/Y

MNI: GERMANY FINAL JAN MANUF PMI 45.0 (FLASH: 44.1); DEC 42.5

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EM LATAM CREDIT: Moody's Periodic Review for Govt of Honduras

EM LATAM CREDIT
Bullet

"Moody's Ratings announces completion of a periodic review of ratings of Honduras, Government of" - Moody's

  • Honduras issued a 10 year November 2024 at 8.625% now yielding 9.10%. Bonds yield 60bps more than ELSALV (B3/B-/B-) 2035s so there is some upside if the credit profile improves
  • S&P rates the country BB- outlook neg
  • Moody's cites strong fiscal position and GDP growth offset by dependence on remittances but overall a Ba2-Baa2 range for those criteria. Weak governance appears to be the weak link where there is room for improvement. "Honduras' "b2" institutions and governance strength reflects weak results in measures of control of corruption, rule of law, and government effectiveness"
    HONDUR 8.625% 2034, $97.01, -.07

    Article link below
    NSN SQRO52TP3SHS
113 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

"Moody's Ratings announces completion of a periodic review of ratings of Honduras, Government of" - Moody's

  • Honduras issued a 10 year November 2024 at 8.625% now yielding 9.10%. Bonds yield 60bps more than ELSALV (B3/B-/B-) 2035s so there is some upside if the credit profile improves
  • S&P rates the country BB- outlook neg
  • Moody's cites strong fiscal position and GDP growth offset by dependence on remittances but overall a Ba2-Baa2 range for those criteria. Weak governance appears to be the weak link where there is room for improvement. "Honduras' "b2" institutions and governance strength reflects weak results in measures of control of corruption, rule of law, and government effectiveness"
    HONDUR 8.625% 2034, $97.01, -.07

    Article link below
    NSN SQRO52TP3SHS