Moody’s downgrades Ghana’s rating to Caa1; but outlook stable

Ratings agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa1 from B3 and changed the economic outlook to stable from negative. The downgrade to Caa1 reflects the increasingly difficult task the government faces addressing its intertwined liquidity and debt challenges. Recently, another ratings agency, Fitch, downgraded Ghana’s credit rating to … Continue reading Moody’s downgrades Ghana’s rating to Caa1; but outlook stable