Tag: Moody's

Niger again fails to meet debt payment as post-coup woes pile

February 21, 2024

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’

February 10, 2023

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

December 8, 2022

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

July 30, 2022

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

July 4, 2022

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

August 3, 2021

"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

February 24, 2021

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

April 1, 2020

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

Moody’s alerts to Tunisia’s weak fiscal strength

June 30, 2019

Moody’s has issued a warning regarding Tunisia’s finances, citing the country's weak fiscal strength and rising debt. The credit rating agency ranked Tunisia in the ... Read More

Moody’s Downgrades Tunisia’s Credit Rating to B2

March 16, 2018

Credit rating agency Moody’s downgraded Tunisia’s credit rating to B2 against the backdrop of deteriorating fiscal situation, complicating the government’s plans to borrow from international ... Read More