Tag: Fitch ratings
Business
Fitch asserts govt won’t include T-bills in DDEP
International ratings agency, Fitch Ratings, has confirmed the government's stance regarding the involvement of treasury bills in its debt restructuring plan.Fitch Ratings has stated...
Business
Substantial losses under DDEP greatly impaired capitalization of banking sector – Fitch reports
The enormous losses imposed on bondholders under the Domestic Debt Exchange Programme (DDEP) have severely damaged the capitalization of the banking industry, according to...
News
Rating agencies not at fault for economic challenges – Mornah to Akufo-Addo
Former National Chairman of the People's National Convention (PNC), Bernard Mornah, has criticized president Akufo-Addo for allegedly relying on false information, such as the...
Business
Fitch Ratings: Ghana still needs to restructure its debt and expect a second round of DDEP
Rating Agency, Fitch, has stated that Ghana still needs to do more in restructuring its its debt of $400 billion.According to the UK-based firm,...
Business
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...
Business
FULL TEXT: Fitch downgrades Ghana’s creditworthiness
Fitch Ratings - Hong Kong - 14 Feb 2023: Fitch Ratings has downgraded Ghana's Long-Term (LT) Local Currency (LC) Issuer Default Rating (IDR) to...
Business
The nation’s debt will cause a decline in the capital of Ghanaian institutions – Fitch Ratings
According to Fitch Ratings, the restructuring of local currency (LC) state debt might put substantial pressure on the capitalization of Ghanaian banks.When banks swap...
Business
Ghanaian banks’ capital to weaken on sovereign debt restructure – Fitch Ratings
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...
Business
The capital of Ghanaian banks will decline as a result of the restructuring of the country’s debt – Fitch
Due to the restructuring of the government debt, Ghanaian banks' capital will decline.According to Fitch Ratings, Ghanaian banks may experience severe pressure on their...
Business
Ghana at par with Sri Lanka as Moody’s downgrades credit rating from Caa2 to Ca
Ghana's credit rating, which had already been reduced from Caa2 to Ca by the international rating agency Moody Investors Service, is now further trash.Ghana...
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