Countries taking new G20 debt relief path face Ethiopia-style downgrades - Fitch
3 Min Read LONDON, Feb 11 (Reuters) - Rating agency Fitch is likely to downgrade any country that follows Ethiopia and applies to use a new debt relief programme from the G20 group of major economies, one of its top analysts said on Thursday. Fitch chopped Ethiopia’s credit score by two notches this week after Addis Ababa signalled it could be the first with an international government bond to use a new G20 ‘Common Framework’ plan. The scheme, which is open to over 70 of the world’s poorest countries, encourages their governments to defer or negotiate down their external debt as part ...
Source: reuters.com