Tag: Moody's
East Africa navigates global headwinds with resilient growth outlook
Despite mounting global economic uncertainties, East Africa remains on a steady growth path, driven by investments in infrastructure, energy, agriculture, and digital innovation. According to ... Read More
Moody’s hails resilience of Moroccan economy, maintains Morocco’s Ba1 rating
The American rating agency Moody’s confirmed, during its periodic review in March, the Ba1 rating assigned to Morocco, with a stable outlook. This decision highlights ... Read More
Niger again fails to meet debt payment as post-coup woes pile
Niger failed to make a debt payment of 13.4 billion CFA francs ($22 million) last week, the West African debt management agency said on Monday ... Read More
Moody’s downgrades Egypt’s rating to ‘B3’
Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country's liquidity and external ... Read More
Nigeria caps weekly cash withdrawals, Moody’s warns of ‘very high’ foreign currency risks
Nigeria’s central bank has imposed restrictions on weekly cash withdrawals to limit the use of cash as credit agency Moody’s warned that the country’s banks ... Read More
Economic headwinds: foreign debt and inflation cloud Kenya’s presidential polls
As Kenyans head to the polls on August 9, East Africa’s largest economy could be headed for tough times. With the country’s currency having depreciated ... Read More
Moody’s confirms improvement of Morocco’s financial outlook to stable
Credit rating agency Moody’s affirmed Morocco’s outlook to stable from negative while it maintained its long-term issuer at BA1. Moody’s noted the recovery of Morocco’s ... Read More
Tunisia’s constitutional crisis escalates political event risk, dims economic reform prospects – Moody’s
"The absence of a constitutional court in Tunisia increases the risk of a prolonged political crisis, Moody's Investors Service deemed in an issuer comment at ... Read More
Moody’s downgrades Tunisia’s ratings to B3 with negative outlook
New York-based credit rating agency, Moody’s, Tuesday downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 with negative outlook. “Moody's has ... Read More
Moody’s underscores Morocco’s resilience to domestic and external shocks
Credit rating agency, Moody’s, highlighted Morocco’s resilience to domestic and external shocks despite coronavirus propelling fewer tourists and exports which it said will be offset ... Read More