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27 Feb 24
Low debt and a resilient economy have contributed to Sweden keeping its AAA credit rating from Moody’s, despite 2024 being tipped to see GDP decline for a second consecutive year.
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20 Feb 24
High lending to nations with low credit ratings could leave the African Export-Import Bank exposed to risks such as debt restructuring, contributing to ratings agency Moody’s lowering its credit...
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19 Jan 24
A sharp increase in borrowing costs will continue to weaken Egypt’s public finances and contributed to ratings agency Moody’s lowering its credit outlook.
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8 Dec 23
Continued growth in oil revenues could help maintain Oman’s budget surplus and bring down debt, and has contributed to a credit rating upgrade by Moody’s.
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5 Dec 23
Local government and state-own services creating biggest risks, says ratings agency.
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20 Nov 23
Economy is strong with forecast GDP growth of 2% a year.
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7 Nov 23
Tax and spending reforms that led to a “sustained decline” in government debt were named as major factors in Costa Rica’s credit rating upgrade, ratings agency Moody’s has said.
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6 Oct 23
Continued use of foreign reserves and rising borrowing costs have led to Egypt’s credit rating being downgraded by ratings agency Moody’s.
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19 Sep 23
Sustained progress on reforms and resilient growth expectations were key contributors to an upgrade in Greece’s credit rating, moving the nation closer to recovering its investment grade rating,...
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28 Jul 23
Ratings agency acts after defence spending increase
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15 May 23
Ratings agency Moody’s has warned Kenya’s domestic funding conditions have deteriorated.
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10 May 23
Sustained currency depreciation would make borrowing more expensive for Egypt and take up a higher share of revenues, eventually leading to a future credit rating cut for the government, rating...
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27 Mar 23
The depletion of foreign reserves and weak governance will limit Bolivia’s ability to meet debt costs, and were major contributors to a cut in its credit rating by Moody’s.
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1 Mar 23
Concerns over a potential debt default and restricted access to new borrowing have led to ratings agency Moody’s downgrading Pakistan’s credit rating.
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2 Feb 23
Political instability and simmering discontent in Peru will impede progress on reforms and damage economic growth, ratings agency Moody’s has said.
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30 Jan 23
The risk of higher government deficits has prompted another downgrade in Nigeria’s credit rating, Moody’s has said.
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4 Nov 22
Surging oil and natural gas revenues will help push Qatar’s budget into surplus this year and over the medium term, meaning a credit rating upgrade is increasingly likely, ratings agency Moody’s has...
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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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16 Sep 22
Higher public spending and the economic slowdown linked to voters rejecting constitutional reforms has fuelled a downgrade in Chile’s credit rating, Moody’s has said.
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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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19 Jul 22
Failure to pay its dollar-denominated debt obligations in the correct currency constitutes Belarus technically defaulting in the eyes of ratings agencies Fitch and 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
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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23 May 22
The Ukrainian government’s credit rating has slumped further into junk status due to the unsustainable debt levels brought on by the costly Russian invasion.