Global Sovereign Interest Costs Hit Over $2Trn – Fitch Ratings
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….
Tag: Fitch Ratings
Fitch Affirms African Development Bank At ‘AAA’ With Stable Outlook
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….
FULL TEXT: Fitch Downgrades Ghana’s LTLC IDR To ‘Restrictive Default’
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….
Ghana’s Long-Term Local-Currency IDR Upgraded By Fitch From ‘RD’ To ‘CCC’
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’ Capital To Weaken On Sovereign Debt Restructure – Fitch
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….