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S&P joins Fitch in downgrade of Ethiopia on potential debt restructuring


By Reuters Staff
2 Min Read
The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., on December 13, 2018. REUTERS/Brendan McDermid/File Photo
(Reuters) - S&P Global Ratings on Friday downgraded Ethiopia’s long-term foreign and local currency sovereign credit ratings to ‘B-’ from ‘B’ on potential debt restructuring, announcing the move days after Fitch Ratings downgraded the country.
“Exacerbated by the effects of the COVID-19 pandemic, Ethiopia’s structurally weak external balance sheet has deteriorated further, in our view”, S&P Global Ratings said.
On Tuesday, Ethiopia’s sovereign dollar bonds dropped nearly 2 cents as Fitch chopped Ethiopia’s credit score by two notches after Addis Ababa signaled it could be the first with an international government bond to use a new G20 ‘Common Framework’ plan. ....

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Negative ratings bracket Panama with Macao and Lebanon


(MENAFN - Newsroom Panama)
The negative Fitch and Moody ratings reveal the questionable handling of  the pandemic with one of the the worst performances in the world, next to economies such as Macao, the Maldives and Lebanon said  Panama s Chamber of Commerce, Industries and  Agriculture (Cciap) on Sunday, February 7 .
According to the Cciap,   This is reflected in the loss of thousands of jobs and companies that we now Chamber to recover without first reiterating the support that the Government must show us. It is time to open the economy in a sustained way, added the Chamber.
It indicated that we are all called to understand the impact of the reduction of the risk rating and to take the measures to move Panama forward. ....

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Banco Santander-Chile -- Moody's announces completion of a periodic review of ratings of Banco Santander-Chile

Banco Santander-Chile -- Moody's announces completion of a periodic review of ratings of Banco Santander-Chile
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Black History Month books for kids


A selection of great reads for children of all ages.
Credit:
The Innovation Press / Silver Dolphin Books
Updated March 19, 2021
Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission.
In 1969, at Kent State University in Kent, Ohio, a small group of black students and educators proposed a celebration of Black history. One year later, in 1970, the first Black History Month took place. Officially recognized by President Gerald Ford in 1976, our nation has been proudly recognizing the heritage, achievements, and contributions of Black citizens and communities every February since. Concerts, recitals, and exhibitions are just some of the ways to explore the rich history and culture of black Americans. ....

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