Tag: S&P Global Ratings
Business
S&P raises Ghana’s local debt score as domestic default cured
The rating on Ghana’s local-currency debt was upgraded by S&P Global Ratings as the country settled its domestic debt exchange with bondholders. The nation’s...
Business
Ghana’s Eurobond holders worry about more favorable conditions for domestic lenders
Ghana's dollar bonds varied due to worries that a proposed restructuring could burden holders of the foreign debt with a greater burden if investors...
Business
S&P cuts Ghana to default after Eurobond payment suspension
Following Ghana's announcement of a suspension of debt payments, S&P Global Ratings has downgraded the country to default.The decision "complicates the planned debt restructuring...
Business
S&P further downgrades Ghana to selective default from CCC+
S&P Global Ratings has downgraded Ghana’s long-term local currency bonds to “selective default”.This follows an initial downgrade from B-/B to CCC+/C in August, which...
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