Ghana struck down by debt woes
Ghana’s long-term foreign-currency issuer default rating (IDR) has been dropped to B- from B, with a negative outlook by Fitch Ratings, as the country…
Ratings
South Africa lifted on swift Covid recovery
South Africa’s long-term foreign-currency issuer default rating’s (IDR) outlook has been lifted to stable from negative, by Fitch Ratings. This is on…
Cabo Verde weighed down by debt
Cabo Verde’s long-term foreign-currency issuer default rating (IDR) has been kept at B-, with a stable outlook, due to its deteriorating debt metrics. The…
Ethiopian insurer gets 1st rating
An Ethiopia-based financial services company has received first-time national scale financial strength ratings, by a rating agency. Ethiopian Reinsurance Share…
Zimbabwean bank gets 1st rating
A Zimbabwe-based financial services company has been assigned first-time national scale long-term and short-term issuer ratings, by a rating agency. ZB Bank…
Nigerian agri company gets 1st rating
A Nigeria-based business services company focused on the agriculture space has been assigned first-time national scale long-term and short-term issuer ratings,…
Verod company keeps rating
Verod Capital Management’s Nigeria-based healthcare products manufacturing and distribution portfolio company’s national scale long and short-term issuer…
Seychelles lifted by tourism
Seychelles’ long-term foreign-currency issuer default rating (IDR) has been lifted to B+ from B, with a stable outlook, by Fitch Ratings, on the back of…
Togo stays firm on resilience
Togo’s long-term issuer ratings have been kept at B3 with a stable outlook, by Moody’s Investors Service. This is due to the resilience of its…
Nigeria lifted by oil prices
Nigeria’s outlook has been uplifted to positive from negative by Moody’s Investors Service. This is on the expectation that higher oil prices and some…