Ghana’s Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) have been lowered by rating agency Fitch from “CCC” to “CC” or further junk status. This is the second time …
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FITCH
- AfricaAFRICA NEWSBusinessGhanaNewsWestern Africa
Fitch projects Ghana’s interest cost to exceed 45% of revenue till 2024
Fitch, a global rating agency, is projecting an interest cost of more than 45% of revenue for Ghana from now till 2024. It says government interest costs reached 47.5% of …
- AfricaAFRICA NEWSBusiness and EconomyGhanaNewsWestern Africa
Fitch downgrades Ghana to ‘CCC’ days after poor S&P grading
Fitch, a global rating agency, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. The downgrade, it said, reflected the deterioration of Ghana’s public finances, …
- AfricaBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Fitch affirms 10 Nigerian Banks at ‘B’, Outlook Stable
Fitch, the global rating agency, has affirmed Long-Term Issuer Default Ratings (IDR) of 10 Nigerian banks at ‘B’ with a stable outlook. In a fresh report obtained from its website, …