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Fitch gives Zambia negative outlook

Fitch Ratings has affirmed Zambia's Long-term Foreign-Currency Issuer Defaulting Rating at "B' with a negative outlook. The rating agency said Zambia's 'B' rating reflected the...
fitch

Fitch Confirms ‘AAA’; Outlook Stable for AfDB

Fitch Ratings has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and Short- Term IDR...

Global PC Demand fall caused Lenovo a loss in 2015

The world's largest PC maker raked in about 44.9 billion U.S. dollars in revenue last year, down 3 percent year on year and suffering...
fitch

Fitch Still Holds Ghana’s Credit Ratings at B

Rating Agency, Fitch, says Ghana’s economy is still exposed to serious shocks because of rising external deficits and fears of spending outside the approved...
Fitch

Commodity prices drops poses a threat to Ghana’s economy

According t the Agency, in view of that it maintained the country’s credit ratings at B, but with a negative outlook and warned that any...
Fitch

Finland gets an AA plus credit ratings from Fitch

Finland registered an economic growth of 0.4 percent last year and there is no proof of strong potential growth now, Fitch noted in its...
South African Currency

Investors Ditch South Africa’s Fiscal Assets

Africa's most industrialised economy is seen at risk of losing its investment-grade status because of persistently weak growth and large deficits. Many investors are...

Access Bank’s Credit Rating High

A global leader with operations across major cities and commercial centres in Sub-Saharan Africa, the UK, China and UAE in credit ratings and research,...
Seth Terpker, Finance Minister.

Ghana’s 2016 fiscal consolidation targets hard to achieve

A report released here by the agency on the country's 2016 budget cited fiscal and external risks as justification for its assertion. It believes...

Fitch Ratings Gives Ghana BB Rating Over $1bn Partially Guaranteed Bills

Fitch Ratings has assigned Ghana?s $1bn partially guaranteed notes a final ?BB-? rating. The bonds benefit from a partial credit guarantee (PCG) provided by...
dollars

QNB Group publishes financial statement for 2015

For the nine months of 2015, Net Profit was QAR8.7 billion (USD2.4 billion), up by 9.0% compared to last year. The Group?s prudent...
CEDI

EU projects positive outlook for Ghana’s economy

The EU's expression of optimism in reaction to recent assessment of the country?s economic situation by rating agencies and financial institutions, like Moody's and...

Moody?s, Standard & Poor?s, Fitch ratings must be taken serious

Economist Kwamena Essilfie Adjaye has said Ghana must be concerned about the downgrading of its economy by the various international ratings agencies.?The ratings matter...
Fitch

FITCH: IMF Bail Out Not Panacea To Ghana’s Woes

Fitch, a Credit rating agency has indicated that agreement reached between the government of Ghana and the International Monetary Fund (IMF) for a bailout...
Mona Helen Quartey

Ghana’s fiscal deficit exceptionally ambitious-Fitch

Ghana?s Target to narrow?her fiscal deficit to 6.5?percent of Gross Domestic?Product (GDP) in 2015 from 9.5?percent has been described as??exceptionally ambitious.? Carmen Altenkirch, Director?of Fitch,...
Fitch

World?s third largest aircraft lessor rated ?BBB+? & ?BBB?

SMBC Aviation Capital, the world?s third largest aircraft lessor, announces that it has been assigned a BBB+ corporate credit rating by Standard & Poor?s...
Mr. Seth Terkper, the Minister of Finance

Reduction in funding pressures not likely-Fitch

GLOBAL RATING agency Fitch has affirmed Ghana?s Long-term foreign and local currency Issuer Default Ratings (IDR) at ?B? with negative outlooks. It also affirmed Ghana?s Shortterm foreign currency IDR at...
Bank of Ghana

BoG Answers Fitch On Economy

The issuance of currency by the Bank of Ghana is not to finance the government deficit, but to support general economic activity, the Central...
A strike by platinum miners has contributed to a contraction in the South African economy in the first quarter.

Fitch downgrades South Africa position

Credit ratings agency Fitch has warned South Africa that its credit rating may be lowered following a five-month platinum strike in the country. Fitch was...
Fitch

Fitch Ratings Warns Ghana Against Printing More Notes

International credit rating agency, Fitch Ratings, has disclosed that the printing of more money by the Bank of Ghana to finance the huge budget...

Ghana Government Doubts Fitch Rating

Dr. Henry Wampah Fitch Ratings, an international rating agency, says the Bank of Ghana (BoG) financed 2.1 percent of GDP in Government?s budget deficit...
Interest Rate

Interest rate hike and new forex controls may prove inadequate-Fitch

Rating agency, FITCH says the massive interest rate hike and new foreign exchange controls by the Bank of Ghana alone may prove inadequate to...

Sub-Saharan Africa (SSA) will have stable outlook in 2014-Fitch

With macro stability, sub-Saharan Africa (SSA) is projected to have a stable outlook in the year 2014, Fitch said in its latest rating report...

Israel Rated ‘A’ By Fitch

Fitch announced today that it has affirmed Israel's 'A' rating and raised the country's outlook to 'positive'. It also affirmed Israel's long-term foreign and...

Ghana?s current account is most likely at risk if…

Ghana?s current account is most likely at risk if the country should borrow from the international market due to the US Fed tapering, according...

Ghana has responded to Fitch?s assertion

Ghana has responded to Fitch?s assertion that the country cannot meet its deficit target set out in the 2014 Budget. The credit ratings agency last...

Ghana’s Fiscal Measures Under 2014 Budget Is Credible

Ghana has responded to Fitch?s assertion that the country cannot meet its deficit target set out in the 2014 Budget. The credit ratings agency last...

Government Is Likely To Make An Overrun In 2014 Budget?Fitch

  Fitch Ratings is not convinced about Ghana?s plans to cut down deficit as it sees the government likely to make budget overruns in...

The 9% Deficit Target Cannot Be Met In 2013?Fitch

Credit ratings agency, Fitch doubts the Ghana government?s ability to bring down the country?s rising budget deficit. According to the agency, the government has failed...

Fitch Says Ghana Stands Vulnerable To Risk Due To Liquidity Conditions

  Ghana is among three African nations in sub-Saharan Africa (SSA) that are most vulnerable to risks due to the tightening of liquidity conditions in...