Fitch confirms Ghana’s long-term rating at “B”
Credit rating agency Fitch Ratings affirmed Ghana's long-term foreign-currency issuer default rating (IDR) at “B”, CEEMarketWatch reported. The agency also kept its stable outlook on the rating.
Furthermore, Fitch maintained its “B” note regarding Ghana’s short-term foreign-currency IDR, its long- and short-term local-currency IDRs as well as the country ceiling, and the rating on senior unsecured notes. The rating on guaranteed notes remained at “BB-“.
The agency explained its decision with Ghana’s favourable medium-term growth outlook and strong governance indicators. Also, Fitch noted that the country's public finances were improving. Yet, it warned that risks to its economy remained high, CEEMarketWatch noted.
Original source: CEEMarketWatch