Tag Archives: Fitch downgrades Ghana’s long-term local currency to RD

Fitch Ratings has lowered the Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) of the nation to restricted default (RD) from ‘CCC’. This action was taken due to missed payments on certain local-currency bonds issued before the domestic debt exchange programme (DDEP). Although last month, Ghana’s LTLC IDR was upgraded to …

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