Tag: S&P

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SoftBank questions S&P after it cuts rating deeper into junk

S&P Global Ratings cut SoftBank Group Corp's (9984.T) long-term rating deeper into junk territory on Tuesday, leading the Japanese tech investment conglomerate to question the downgrade. S&P...

Governments’ energy-related support to hit $1.65 trillion by year end – S&P Global

The amount of money spent by governments subsidising energy costs since Russia's invasion of Ukraine is set to reach $1.65 trillion by the end...

S&P cuts Nissan credit rating to junk status

Nissan Motor Co Ltd's (7201.T) credit rating was cut to junk status by S&P Global Ratings on Tuesday, which said the Japanese automaker's earnings will remain...

Darkest days likely over for euro zone factories, December PMIs show

The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey...

S&P cuts Ghana’s sovereign rating to ‘selective default’ on suspended debt payments

Global Ratings agency S&P on Tuesday lowered the sovereign rating on Ghana to 'selective default' from CC, a day after the country announced it...

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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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