Fitch Ratings has indicated it expects its portfolio of rated sovereigns to pay around $2.3 trillion in interest costs in 2023. This represents a steep rise in interest spending since….
Fitch Ratings has affirmed African Development Bank (AfDB)’s Long-Term Issuer Default Rating (IDR) at ‘AAA’ with a Stable Outlook. According to the rating agency, AfDB’s ‘AAA’ rating is driven by….
Fitch Ratings – Hong Kong – 21 Apr 2023: Fitch Ratings has downgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘RD’ from ‘CCC’. Fitch has also downgraded to….
International Ratings firm, Fitch has upgraded Ghana’s Long-Term (LT) Local-Currency (LC) Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’ (Restrictive Default) In addition to this development, Fitch said ratings on….
Ghanaian banks could face significant pressure on their capitalisation due to the restructuring of local-currency (LC) sovereign debt, Fitch Ratings says. Fitch believes banks will suffer large economic losses when….
