Fitch Rates Brazil's USD3.25 Billion 2025 Bonds 'BBB'

Business Wire

NEW YORK--(BUSINESS WIRE)--

Fitch Ratings has assigned a 'BBB' rating to Brazil's USD3.25 billion bond issuance maturing in 2025. The bonds have a coupon rate of 4.25%.

The proceeds will be used, in part, to purchase securities maturing between 2017 and 2030, and for general budgetary purposes.

KEY RATING DRIVERS

The rating is in line with Brazil's long-term foreign currency Issuer Default Rating (IDR) of 'BBB', which has a Stable Outlook.

RATING SENSITIVITIES

The rating would be sensitive to any changes in Brazil's long-term foreign currency IDR. Fitch affirmed Brazil's ratings at 'BBB' with Stable Outlook on July 18, 2013.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Sovereign Rating Criteria' (Aug. 13, 2012).

Applicable Criteria and Related Research:

Sovereign Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=685737

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=806039

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Contact:
Fitch Ratings
Primary Analyst
Shelly Shetty, +1-212-908-0358
Senior Director
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst
Erich Arispe, +1-212-908-9165
Director
or
Committee Chairperson
Ed Parker, +1-44-203-530-1176
Managing Director
or
Media Relations
Elizabeth Fogerty, +1-212-908-0526 (New York)
elizabeth.fogerty@fitchratings.com

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