Tag: Moody’s Investors Service
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Moody’s downgrades Ghana’s economy to Caa1 with stable outlook
Moody’s Investors Service (Moody’s) on Friday, February 4, 2022 downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative. It said the new rating of the country’s economy reflects the woes Ghana is facing in fixing its liquidity and debt challenges. It also faulted…