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10 Dec 20
High debt among Chinese local governments poses a “key risk” during the country’s recovery from Covid-19, ratings agency Fitch has said, although the outlook for the sector remains stable.
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23 Nov 20
Two ratings agencies have downgraded South Africa’s credit rating further into junk status, in a “painful” move that will increase the country’s borrowing costs and likely lead to spending cuts or...
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28 Nov 17
South African president Jacob Zuma has asked the minister of finance to identify measures to “urgently” address economic challenges, the president’s office said yesterday. ...
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22 Sep 17
Rating agency Standard & Poor’s has downgraded China’s credit rating due rising debt, which has exposed the country to increased economic and financial risk.
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11 Aug 17
Mexico cannot solve its growth problems simply by renegotiating the North American Free Trade Agreement (Nafta), Moody’s Investors Service has said ahead of the start of next week’s...
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5 Jul 17
Credit ratings agency Moody’s has changed Qatar's rating outlook to negative following a political crisis that has seen the country blockaded by its neighbours.
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20 Jun 17
A shift away from strict austerity could help power strong growth across 20 of the world’s key economies, according to Fitch.
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15 Jun 17
Business confidence in South Africa has slumped to its lowest since 2009 after a third ratings agency downgraded the country’s debt last week.
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15 Jun 17
The total value of negative-yielding public debt rose by nearly $1tn between the start of March and the end of May, according to ratings agency Fitch.
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7 Jun 17
The economic damage to the Qatari economy of five other Arab states suddenly severing their ties with the country will depend on the duration of the dispute, according to Fitch Ratings.
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6 Jun 17
South Africa’s economy slipped back into recession for the second time in 10 years in the first three months of 2017.
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5 Jun 17
South Africa has avoided further damaging downgrades from ratings agencies in the past week, but continuing political turmoil remains a risk.
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26 May 17
Fitch Ratings has warned that a plan for Azerbaijan’s government to take on $2.3bn in debt from an ailing state-owned bank would increase public dues without alleviating uncertainty.
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24 May 17
Moody’s has cut China’s credit rating for the first time since 1989, citing a growing debt burden and faltering growth.
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7 Apr 17
Fitch Ratings has today downgraded South Africa’s credit rating to junk status following president Jacob Zuma’s dismissal of trusted finance minister Pravin Gordhan.
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3 Apr 17
Demonstrations demanding the ousting of South African president Jacob Zuma are expected to kick off across the country today.
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29 Mar 17
A US tax on imports would have “sizeable” consequences for other countries, hitting public finances as far afield as Singapore and Indonesia, ratings agency Fitch has warned.
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16 Mar 17
Chief economist and co-head of sovereign ratings at credit ratings agency DBRS, Fergus McCormick, summarises the rating processes, and how accrual information can help.
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10 Mar 17
Switching to accrual accounting can secure better credit ratings for governments, Fergus McCormick, chief economist and co-head of sovereign ratings at agency DBRS has said.
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23 Feb 17
Ratings agency Fitch has warned of the risk posed by China’s high local public debt issued through a back door route.
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22 Feb 17
A $1.6bn hole in Ghana’s budget has put the country’s public finances at substantial risk and is weighing on its credit rating, ratings agency Fitch said yesterday.
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20 Feb 17
Mongolia has secured a provisional agreement for a $5.5bn programme with the International Monetary Fund, preventing a slip in its international credit rating.
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10 Feb 17
Australia’s plan to eliminate its deficit risks being overly ambitious and doing more harm than good in an economy stuck in a “new mediocre”, according to the International Monetary Fund.
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24 Jan 17
Euro-area government debt fell to its lowest level since 2012 in the third quarter of 2016 according to figures released yesterday by the bloc’s statistic office.
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20 Dec 16
Australia has increased its fiscal deficit forecasts for the next four years compared to May’s predictions, the most recent mid-year economic forecast has shown.
10 Dec 20High debt among Chinese local governments poses a “key risk” during the country’s recovery from Covid-19, ratings agency Fitch has said, although the outlook for the sector remains stable.
23 Nov 20Two ratings agencies have downgraded South Africa’s credit rating further into junk status, in a “painful” move that will increase the country’s borrowing costs and likely lead to spending cuts or...
28 Nov 17South African president Jacob Zuma has asked the minister of finance to identify measures to “urgently” address economic challenges, the president’s office said yesterday. ...
22 Sep 17Rating agency Standard & Poor’s has downgraded China’s credit rating due rising debt, which has exposed the country to increased economic and financial risk.
11 Aug 17Mexico cannot solve its growth problems simply by renegotiating the North American Free Trade Agreement (Nafta), Moody’s Investors Service has said ahead of the start of next week’s...
5 Jul 17Credit ratings agency Moody’s has changed Qatar's rating outlook to negative following a political crisis that has seen the country blockaded by its neighbours.
20 Jun 17A shift away from strict austerity could help power strong growth across 20 of the world’s key economies, according to Fitch.
15 Jun 17The total value of negative-yielding public debt rose by nearly $1tn between the start of March and the end of May, according to ratings agency Fitch.
7 Jun 17The economic damage to the Qatari economy of five other Arab states suddenly severing their ties with the country will depend on the duration of the dispute, according to Fitch Ratings.
26 May 17Fitch Ratings has warned that a plan for Azerbaijan’s government to take on $2.3bn in debt from an ailing state-owned bank would increase public dues without alleviating uncertainty.
24 May 17Moody’s has cut China’s credit rating for the first time since 1989, citing a growing debt burden and faltering growth.
3 Apr 17Demonstrations demanding the ousting of South African president Jacob Zuma are expected to kick off across the country today.
29 Mar 17A US tax on imports would have “sizeable” consequences for other countries, hitting public finances as far afield as Singapore and Indonesia, ratings agency Fitch has warned.
16 Mar 17Chief economist and co-head of sovereign ratings at credit ratings agency DBRS, Fergus McCormick, summarises the rating processes, and how accrual information can help.
10 Mar 17Switching to accrual accounting can secure better credit ratings for governments, Fergus McCormick, chief economist and co-head of sovereign ratings at agency DBRS has said.
23 Feb 17Ratings agency Fitch has warned of the risk posed by China’s high local public debt issued through a back door route.
22 Feb 17A $1.6bn hole in Ghana’s budget has put the country’s public finances at substantial risk and is weighing on its credit rating, ratings agency Fitch said yesterday.
20 Feb 17Mongolia has secured a provisional agreement for a $5.5bn programme with the International Monetary Fund, preventing a slip in its international credit rating.
10 Feb 17Australia’s plan to eliminate its deficit risks being overly ambitious and doing more harm than good in an economy stuck in a “new mediocre”, according to the International Monetary Fund.
24 Jan 17Euro-area government debt fell to its lowest level since 2012 in the third quarter of 2016 according to figures released yesterday by the bloc’s statistic office.
