Fitch downgrades namibia
WebMay 25, 2024 · May 25, 2024 – 6.09pm. Share. Global rating agency Fitch continues to threaten to downgrade Australia's AAA sovereign credit rating even after the federal … WebJun 27, 2024 · Fitch downgraded Namibia’s Long-Term Foreign-Currency Issuer Default Rating to 'BB-' from 'BB’ previously and left the outlook unchanged at stable. In its rating review, Fitch said that Namibia’s fiscal risks are acute. The global rating agency said that modest growth prospects and a rigid expenditure profile would keep Namibia's fiscal ...
Fitch downgrades namibia
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WebFeb 21, 2024 · In a statement issued on Thursday, Fitch revised Namibia’s long-term foreign-currency issuer default rate from stable to negative. The rating is based on the … WebJul 2, 2024 · Fitch Ratings (Fitch) downgraded Namibia’s long-term foreign currency credit rating to BB- and changed the outlook from negative to stable on Friday, June 24. This reflects high and rising government debt and is exacerbated by the economic shock. A downgrade means that when Namibia needs to borrow more money, as it inevitably will, …
WebJul 10, 2024 · Fitch Ratings - London - 07 Oct 2024: Fitch Ratings has downgraded Namibian Ports Authority's (Namport) National Long-Term Rating to 'AA-(zaf)' from 'AA+(zaf)'. The Outlook is Stable. A full list of rating actions is below. WebJun 24, 2024 · Namibia - Rating Action Report . Fitch Ratings - London - 24 Jun 2024: Fitch Ratings has downgraded Namibia's Long-Term Foreign-Currency Issuer Default …
WebNov 20, 2024 · (The following statement was released by the rating agency) HONG KONG, November 20 (Fitch) Fitch Ratings has downgraded Namibia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB+ ... WebJan 7, 2024 · On 24 June 2024, Fitch downgraded Namibia's Long-Term IDR to 'BB-' from 'BB' (see "Fitch Downgrades Namibia to 'BB-'; Outlook Stable" on www.fitchratings.com). Key Rating Drivers. DBN's 'BB-' Long-Term IDR is equalised with that of Namibia, reflecting a moderate probability of support from the Namibian authorities. The Stable Outlook on …
Web1 day ago · DBN’s National Long-Term Rating of ‘AA+(zaf)’ is equalised with that of Namibia and reflects the bank’s creditworthiness relative to that of issuers in South Africa and Namibia. The Stable Outlook reflects that on Namibia’s National Long-Term Rating. As is usual for development banks, Fitch Ratings does not assign a Viability Rating ...
WebJun 25, 2024 · Fitch predicts Namibia’s economic growth to increase to 2.8% in 2024 and 3.1% in 2024, supported by additional increases in mining production and continued recoveries in secondary and tertiary industries, but warns global growth prospects and energy prices as well as tighter global financing conditions could threaten the recovery. camp clipart freeWebJun 28, 2024 · According to Fitch, “the fiscal deficit will remain elevated at 7.6% of gross domestic product (GDP) in 2024 – above the government's forecast of 5.6% and our … camp clipart black whiteWebApr 7, 2024 · The rating actions follow the downgrade of Namibia's Long-Term IDRs to 'BB-' (see Fitch Downgrades Namibia to 'BB-'; Outlook Stable dated 24 June 2024 at www.fitchratings.com). NamWater's and NamPower's ratings are constrained by the Namibian sovereign under Fitch's Government-Related Entities (GRE) Rating Criteria … first studio album by carpentersWebJul 1, 2024 · By Josef Kefas Sheehama. Fitch Ratings (Fitch) downgraded Namibia’s long-term foreign currency credit rating to BB- and changed the outlook from negative to … camp cloud facebookWebJul 7, 2024 · Credit rating agency, Fitch Ratings, has knocked the Development Bank of Namibia's creditworthiness down to the last notch before investors start seeing the bank as a high lending risk. ... Last month Fitch downgraded Namibia to a rating of BB-, saying the country was on a negative debt trajectory.--TheNamibian--Comments. comments … first studio city markhamWebApr 10, 2024 · The rating actions follow the downgrade of Namibia's Long-Term IDRs to 'BB'; Outlook Stable (see 'Fitch Downgrades Namibia to 'BB'; Outlook Stable dated 1 October 2024 at www.fitchratings.com). Fitch's assessment of the fundamental issuer-specific credit considerations remains unchanged. first studio lighting kitWebMar 29, 2024 · Ratings agency Fitch downgraded Namibia’s credit rating to “junk” status last year, citing weaker-than-forecast fiscal outcomes. (Reporting by Nyasha Nyaungwa Writing by Alexander Winning ... camp cloverleaf