Tag Archives: rating

Ghana has been downgraded deeper into junk territory by Moody’s Investors Service on the likelihood that private creditors will incur steep losses during the government’s planned debt restructuring. The country’s credit rating was slashed by two levels to Ca, the second-lowest score at Moody’s, according to a Tuesday statement. That …

Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings from Caa1 to Caa2 and placed the ratings on review for downgrade. Moody’s, in February this year, downgraded Ghana from B3 to Caa1. The agency contends that the further downgrade stems from the government’s decision to seek …

Afro Pop singer, Wendy Shay in one of her ‘Ghana Wake Up’ series on Twitter, jabbed her colleagues by rating Nigeria’s contribution to the promotion of African music above Ghanaian artistes. In her tweet dated September 10, she wrote: “Ghanaian artistes should thank Nigerians artistes, for bringing the world’s attention to Africa …

International rating agency Fitch has downgraded the viability ratings of three Ghanaian banks to “CCC”. The Banks are Ecobank Ghana Limited, Guaranty Trust Bank (Ghana) Limited (GTB Ghana), and United Bank for Africa (Ghana) Limited (UBA Ghana). The downgrade came after the rating agency downgraded Ghana’s creditworthiness to “CCC” or …

International rating agency, Fitch, has downgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘. In a report sighted by GhanaWeb, it noted that the downgrade reflects the deterioration of Ghana’s public finances which has contributed to a prolonged lack of access to Eurobond markets. This, Fitch said …

American credit rating agency, Standard and Poor’s (S&P) Global Ratings on Friday, August 5, pushed Ghana’s debt further into speculative territory, lowering its foreign and local currency sovereign ratings to CCC+/C from B-/B. According to a report by marketwatch.com, S&P said its outlook for the country remains negative, “reflecting Ghana’s …

The Blue Samurais of Japan thumped the Black Stars of Ghana 4-1 on Friday, June 10, 2022, to progress to the finals of Kirin Cup. Jordan Ayew got the consolation for Ghana in the heavy defeat while, Miki Yamane, Kaoru Mitoma, Takefusa Kubo, and Daizen Maeda were on the scoresheet for Japan. Ghana …

Otto Addo’s team secured a one-all draw to qualify for the World Cup after holding the Nigerians to a goalless drawn game in Kumasi on March 25. GOAL assesses the performances of the Black Stars in their 2022 World Cup qualifying decider against the Super Eagles at Abuja’s Moshood Abiola …

The Africa Union’s (AU) quest to establish an African Credit Rating Agency for the continent through the African Peer Review Mechanism (APRM) is likely to be instituted this year, CEO of the organisation Professor Eddy Maloka has said. Prof. Maloka was addressing participants at a sensitisation meeting on APRM support …