Tag: Fitch

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Fitch places Gabon on ‘rating watch negative’ following coup

Credit ratings agency Fitch said on Tuesday it has placed Gabon on "rating watch negative" (RWN), citing high political uncertainty in the Central African...

Central Europe’s banks to weather sharp 2023 economic slowdown, Fitch says

Central Europe's banks are expected to weather a sharp economic slowdown this year, bolstered by strong funding structures and improving profitability, Fitch Ratings Senior...

Fitch sees recession coming in Germany, Italy later in 2023

Fitch sees Germany and Italy’s economies going into recession by the end of this year as they battle to control inflation, although the Eurozone...

Fitch lowers Ghana to “restricted default” after coupon payment missed

Ratings agency Fitch on Tuesday downgraded Ghana's long-term foreign-currency issuer default rating to 'restricted default', after the country missed the grace period to make...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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