External Balance News Today

Ratings agency downgrades of Israel confirm that its economy is taking hits and will suffer even more damage under a long war.

Even in the absence of the island’s largest hotel for possibly the next 24 months, and continuing concern about the “national” debt, a major rating agency has given Bermuda the thumbs up on our future...

Even in the absence of the island’s largest hotel for possibly the next 24 months, and continuing concern about the “national” debt, a major rating agency has given Bermuda the thumbs up on our future...

Moody’s Investors Service (“Moody’s”) has downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured debt ratings to Ca from Caa2. The outlook is stable. The decision to downgrade the ratings is driven by the authorities’ announcement of debt servicing suspension [1] on external public debt repayments, which will lead to a...

Moody's Investors Service ("Moody's") has today changed the outlook on the Government of Nigeria to stable from negative and affirmed its long-term issuer and senior unsecured ratings at B2. Moody's also affirmed the Government of Nigeria's (P)B2 senior unsecured medium-term note program rating. The change of outlook to stable reflects Moody's expectation that higher oil…

Moodys Investors Service has downgraded Sri Lankas sovereign rating to Caa2 from Caa1, taking the countrys credit deeper into speculative grade as foreign reserves continued to fall as crippled forex markets and money printing made it difficult to transfer wealth out of the country from credit markets to repay debt.

Moodys Investors Service has downgraded Sri Lankas sovereign rating to Caa2 from Caa1, taking the countrys credit deeper into speculative grade as foreign reserves continued to fall as crippled forex markets and money printing made it difficult to transfer wealth out of the country from credit markets to repay debt.

Moodys Investors Service has downgraded Maldivess sovereign rating to Caa1 from B3, with a stable outlook, though tourism revenues have started to recover.

Moodys affirms Albania at B1, outlook stable Source: The Institute of Financial Services Practitioners TIRANA (Albania), May 25 (SeeNews) – Moodys Investors Service said it has affirmed Albanias B1 long-term foreign and local currency issuer ratings and the B1 foreign currency senior unsecured debt rating, with a stable outlook. The credit ratings were affirmed given Albanias resilience to the coronavirus shock despite narrow economic base and persisting structural challenge...

Carnegie Endowment for International Peace Source: Getty Summary:  Many African countries have placed economic diversification high on the policy agenda, yet they first need to define what it means in their specific structural and socioeconomic contexts. Related Media and Tools If you enjoyed reading this, subscribe for more! Thank you! Summary For decades, economic diversification has been a policy priority for low- and middle-income economies. In the words of former managing director of the ...