Common Framework Access Could Lead to Sovereign Debt Default | Hellenic Shipping News Worldwide
Fitch Ratings believes that a decision to seek debt restructuring under the Common Framework (CF) for Debt Treatments announced last November by the G20 and the Paris Club is unlikely to be compatible with a rating higher than ‘CCC’. This has been reflected in our decision to downgrade Ethiopia’s rating to ‘CCC’, from ‘B’/Negative, this ...
Source: hellenicshippingnews.com