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24 Oct 22
The energy crisis has hit progress by Nigeria on turning its finances around, according to a ratings agency.
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7 Oct 22
Serious floods in Pakistan have led to increased public spending and higher debt, and a key factor in a downgrade to the nation’s credit rating, Moody’s has said.
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5 Oct 22
High inflation combined with increased debt servicing costs has increased the likelihood of a debt default and led to Moody’s downgrading Ghana’s credit rating.
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6 Sep 22
Vietnam’s growing economic strength and commitment to contain borrowing costs are key factors to an increase in the nation’s credit, according to ratings agency Moody’s.
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12 Jul 22
“Economic scarring” from Covid-19 has been cited alongside high borrowing costs as the reason for ratings agency Moody’s lowering its judgement of Mexico’s debt affordability.
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1 Jul 22
Fitch has dimmed its view of government credit conditions amid Russia’s ongoing invasion of Ukraine and the resulting international sanctions.
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1 Jul 22
Australia’s wealthy and resilient economy will continue to grow as the nation recovers from Covid-19, which ratings agency Moody’s has said is the key factor behind the country’s Aaa rating.
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11 Apr 22
A strong rebound in tax revenues and consumer spending has seen the Israeli government record one of the strongest budgetary performances internationally, according to ratings agency Moody’s.
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14 Mar 22
A multilateral development bank in the 1960s by communist countries has seen its credit rating slashed to junk status, after five European Union nations announced plans to withdraw their...
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3 Sep 21
Mexico’s new finance minister has confirmed that the government will continue to offer support to state-owned oil company Pemex, which is in billions of dollars of debt.
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2 Aug 21
Disagreements between Hungary and the European Union over compliance with EU law is unlikely to “completely jeopardise” access to Covid-19 recovery funds, according to rating’s agency Fitch.
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20 Jul 21
Almost three quarters of local and regional governments around the globe could see budget gaps open in the short-term due to Covid-19 pressures, according to ratings agency Standard and Poor’s.
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7 Jul 21
Cote D’Ivoire has been assigned a BB- credit rating by ratings agency Standard and Poor’s, reflecting increased growth potential and continued economic reforms.
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9 Jun 21
The Chinese economy will grow at a slower rate in the second half of this year as external supply chain disruptions impact on Covid-19 recovery, according to ratings agency Moody’s.
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8 Jun 21
Russia was able to weather the Covid-19 pandemic with some resilience, despite reductions in global oil prices, ratings agency Moody’s said.
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7 Jun 21
Sweden’s looser Covid-19 restrictions and diversified economy enabled it to weather the pandemic better than other countries in financial terms, according to ratings agency Fitch.
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1 Jun 21
The global recession caused by the coronavirus pandemic led to a record 32 credit rating downgrades in 2020, according to ratings agency Fitch.
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22 Apr 21
Taiwan’s credit rating has been upgraded to ‘AA’ from ‘AA-’, after the nation managed to come out of Covid-19 “largely unscathed”, according to ratings agency Standard and Poor’s.
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20 Apr 21
Proposed tax reforms will be critical to ensuring Colombia’s debt levels are stabilised in the medium-term, according to ratings agency Fitch.
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24 Mar 21
The economic disruption caused by Covid-19 will have a long-lasting impact on public finances and sovereign credit ratings, according to ratings agency Fitch.
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19 Mar 21
Unabated global warming could lead to more than 60 countries having their credit ratings downgraded by the end of this decade, according to a study.