Rwanda has raised 620 million U.S. dollars through the issuance of a 10-year Eurobond, authorities said in a statement released on Monday.

Fitch Ratings has assigned Rwanda's proposed senior unsecured US dollar denominated bonds a 'B+' rating.

Fitch Ratings has revised the Outlook on Rwanda's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at 'B+'.

Vivo Energy Rwanda, the company that markets and distributes Engen-branded fuels and lubricants in Rwanda, has acquired Energy Solution (ENES) and GEMECA petroleum assets.