Tag: Moody’s
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Moody’s rating influenced coupon rates for US$3billion Eurobond – Lord Mensah
The government’s successful issuance of a US$3 billion Eurobond in three installments has been partly attributed to the recent improvement in Ghana’s ratings from a stable outlook to positive by international rating agency, Moody’s. Moody’s based its rating on what it calls rising confidence in Ghana’s institutions which are expected to lead to stability in…
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Leverage Moody’s positive rating to attract investments – Prof. Assibey to Gov’t
Economist, Prof. Eric Osei Assibey, has stated that government ought to take advantage of the country’s positive outlook ratings to attract more investments into the country. His comment follows Ghana’s recent improvement in the report of International Rating Agency, Moody’s, from a stable outlook to a positive one. Moody’s, based its rating on what it…
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Moody’s backs gov’t to break election year overspending cycle
Credit rating agency, Moody’s is backing the government to halt the fiscal slippages that have characterised every election year since 2004. The rating agency, in a press release issued over the weekend, revised the country’s outlook from stable to positive while affirming its long-held B3 rating. The announcement means the rating agency is optimistic about…
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Recapitalization of financial sector a positive signal of economic stability – Moody’s
A new report by international rating agency, Moody’s, says the steps taken by regulatory authorities to recapitalize the financial sector has given a positive signal about Ghana’s economic and financial stability. This, coupled with efforts directed at reducing the country’s power deficit, according to Moody’s, shows effective policy making, improving the confidence level in government.…