Fitch Downgrades Ghana To Junk Status Days After Poor S&P Grading
Ghana’s Issuer Default Rating (IDR) for Long-Term Foreign-Currency (LTFC) was downgraded from “B-” to “CCC,” or junk status. According to the statement, the downgrade reflects the state of Ghana’s public finances, which have made it difficult for the country to access the Eurobond markets for an extended period of time and consequently caused a significant… Read More »