Tag: Fitch
Business
We don’t expect Ghana’s T-bills to be restructured – Fitch
Ratings agency Fitch has stated that it does not anticipate the inclusion of Treasury bills in the Domestic Debt Exchange Programme in the foreseeable...
Business
Official Creditors Committee to deliver agreement on Ghana’s debt by end of 2023 – Fitch predicts
Fitch, a ratings agency, holds an optimistic outlook that Ghana will successfully reach an agreement with the Official Creditor Committee by the conclusion of...
Business
Fitch rates AfDB with stable outlook
Fitch Ratings has maintained the African Development Bank (AfDB)'s Long-Term Issuer Default Rating (IDR) at the highest level of 'AAA', with a Stable Outlook.The...
Business
Banking Consultant defends rating agencies’ conduct in assessing Ghana’s creditworthiness
A researcher and banking consultant, Dr Richmond Atuahene, has affirmed that international rating agencies have not displayed recklessness in their assessments of the Ghanaian...
Business
Ghana to be given a worse trash ranking by Fitch
Ghana's creditworthiness would continue to be downgraded, according to Fitch, a global rating agency, to extremely deeper junk status.On December 21, 2022, Fitch lowered...
Business
Fitch warns of more rating downgrades of African banks
International rating agency, Fitch, has announced that the declining global and domestic shocks would weaken the credit drivers for African banks in 2023.According to...
Business
Ghana must repay loans totaling $3.5 billion next year, over $3 billion the IMF had anticipated
Ghana will have to repay bonds and loans totaling $3.5 billion next year, according to data collated by Bloomberg.The amount given is larger than...
Business
Ghana has a 50% chance of defaulting on its debt repayment – Fitch
Fitch, a leading provider of credit ratings, has stated that there is a prpbability that Ghana could default on its debt repayment.The agency said...
Business
Ghana risks further downgrade if IMF talks include debt restructuring
The international rating agency, Fitch may further downgrade Ghana’s creditworthiness status to RD to CC.According to a Bloomberg report, Fitch sees a higher than...
News
Financial meltdown: Fitch downgrades Ghana once more, this time from “CCC” to “CC”
The Long-Term Local-and Foreign-Currency Issuer Default Ratings (IDRs) of Ghana have been once again downgraded by the international credit rating agency, Fitch Ratings.The rating...
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