Tag: Fitch
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...
News
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...
Business
Debt default is a real possibility for Ghana – Senior Director at Fitch
A senior director at ratings agency, Fitch, Mahin Dissanayake, has added his voice to reports predicting a debt default on the part of the...
News
Fitch revises again end-year forecast for price of Brent crude to $100 per barrel
Ratings agency, Fitch, has revised its end-year forecast for the price of Brent Crude to $100 per barrel, from the previous $105.It had earlier...
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