After an unprecedented number of downgrades in 2020 in response to the rise in government debt and liquidity challenges resulting from the Covid-19 pandemic, rating momentum for sub-Saharan African (SSA) sovereigns has turned more positive in 2021, with three upgrades (Benin, Cote d’Ivoire and Gabon) and one downgrade (Ethiopia) since the beginning of the year, Fitch Ratings says in a new report.
After an unprecedented number of downgrades in 2020 in response to the rise in government debt and liquidity challenges resulting from the Covid-19 pandemic, rating momentum for sub-Saharan African (SSA) sovereigns has turned more positive in 2021, with three upgrades (Benin, Cote d’Ivoire and Gabon) and one downgrade (Ethiopia) since the beginning of the year, Fitch Ratings says in a new report.Read More
