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Fitch Upgrades Sri Lanka's Credit Rating Following $12.55 Billion Debt Overhaul
21 Dec 2024 10:02 GMT
Fitch Ratings has upgraded Sri Lanka's long-term foreign-currency default rating to 'CCC+' from 'Restricted Default' (RD) after creditors approved the country's $12.55 billion debt restructuring plan earlier this week. This marks a …
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African countries will establish credit rating agencies to prevent bias, says AfDB VP
19 Dec 2024 12:56 GMT
… a continental credit rating agency to counterbalance Western credit rating agencies’ bias … Ratings, Fitch Ratings and Moody’s are top three global credit rating agencies. … the credit ratings of Africa, not credit rating agencies, but the credit ratings of …
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Fitch Ratings revises Oman’s outlook to ‘Positive’; affirms 'BB+' credit rating
19 Dec 2024 04:08 GMT
Muscat: Fitch Ratings has revised Oman’s outlook from ‘Stable’ to ‘Positive’, affirming its long-term foreign currency issuer default rating at ‘BB+’.
The decision reflects Oman’s continued efforts in reducing government and state-owned entities' debt, …
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Nigeria, other African nations to establish credit rating agency
19 Dec 2024 02:34 GMT
… addressing perceived biases from Western credit rating entities.
This initiative was announced … three global credit rating agencies—S&P Global Ratings, Fitch Ratings, and Moody … , highlighted that the planned African credit rating agency would serve as a …
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Fitch affirms Naftogaz’s credit ratings at ‘CC’
19 Dec 2024 00:23 GMT
The credit rating agency, Fitch Ratings, has affirmed National Joint … reports.
“The credit rating agency, Fitch Ratings, has affirmed the credit ratings of Naftogaz of … ,” the report states.
Additionally, Fitch Ratings affirmed Naftogaz’s senior unsecured …
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Fitch revises Oman’s outlook to ‘Positive’; affirms credit rating at BB+
18 Dec 2024 18:15 GMT
New York: Fitch Ratings on Wednesday revised the outlook … 67-70 per barrel.
Further, Fitch Ratings projects Oman's non … 3% in 2025 and 2026.
Fitch Ratings projects government debt/GDP … .
The agency affirmed that the credit rating of the Sultanate of Oman …
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Naftogaz faces challenges but keeps credit rating
18 Dec 2024 15:13 GMT
… and gas company, attributes its credit rating to factors such as infrastructure … cash flow from operations.
However, Fitch Ratings noted that the company… net profit of $660 million.
Fitch Ratings uses the following scale to …
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Nigeria, other African countries plan continental credit rating agency
18 Dec 2024 03:35 GMT
… Ratings, Fitch Ratings and Moody’s are the top three global credit rating agencies … , the credit ratings of Africa, not credit rating agencies, but the credit ratings of Africa … floating of an African credit rating agency.
“The credit rating agency will now …
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Political uncertainty weighs on Korea’s credit rating
17 Dec 2024 07:36 GMT
… on the country’s sovereign credit rating.
Shortly after the fiasco caused … -- Moody's Ratings, Fitch Ratings and S&P Global … negatively affect the country’s credit rating, a gauge of a … in recent years.
“Korea’s credit ratings were upgraded in the 2010s …
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Nepal Should Improve Its Credit Rating
17 Dec 2024 04:55 GMT
… are several credit rating agencies in the world. Among them, Fitch Ratings, Standard and … minus) from Fitch Ratings. This is Nepal’s first sovereign credit rating. The rating … agencies. The credit rating recently assigned to the country by Fitch Ratings is not …