Fitch Affirms Mozambique at ‘B’; off Rating Watch Negative; Outlook Negative

Fitch Affirms Mozambique at ‘B’; off Rating Watch Negative; Outlook Negative
(The following statement was released by the rating agency) LONDON, March 21 (Fitch) Fitch Ratings has affirmed Mozambique’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’, its Short-term foreign currency IDR at ‘B’ and its …
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Why Vijay Mallya’s default on loan payments is just the tip of a rapidly
It is quite apparent that there will not be any easy solutions to the debt problem. Operating margins, which will be strong enough to service existing debt, need either structural changes in sectors like power and infrastructure – where the government …
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Fitch withdraws Ukrzaliznytsia’s ratings; rates Ukrainian Railway ‘C’
This sovereign drag on Ukrainian Railway’s finances has therefore led to the foreign currency IDR being two notches below that of the sovereign, which emerged from default in May 2015. The assignment of the foreign currency IDR at ‘C’ (default is …
Read more on Interfax

 

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