International ratings agency, Moody’s, has downgraded GCB Bank PLC’s global long-term local currency deposit ratings to Caa3 from Caa2 at a time that the economy is facing liquidity challenges as ...
International Rating Agency, Fitch, has downgraded Ghana’s Long-Term Local and Foreign-Currency Issuer Default Ratings (IDRs) further to ‘junk status’, from ‘CCC’ to ‘CC’. This is the second time in 2022 ...
The African Peer Review Mechanism (APRM), an organ of the African Union (AU) that supports African countries in the area of credit ratings, has condemned latest downgrade of Ghana’s economy ...
Gifty Annor-Sika Asantewah, a financial analyst and advisor to Geldex Invest, has predicted that the downgrade of Ghana by the major rating agencies has the tendency of affecting the stock ...
Moody’s has revised Kosmos Energy’s rating outlook to stable from positive while simultaneously affirming the company’s B2 Corporate Family Rating (CFR), B2-PD probability of Default Rating (PDR) and B3 senior ...
The Ministry of Finance has clarified that Ghana still maintains its lower-middle-income status, and has not been downgraded to low-income economy, as per the World Bank and UN classifications. The ...
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