archiveMoody’s

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Investment : Moody’s to Acquire Majority Stake in GCR

Moody’s to Acquire Majority Stake in GCR Ratings, Expanding Presence in Africa Global Credit Rating Company Limited (GCR) is a leading credit rating agency in Africa with operations spanning the continent, including in South Africa, Nigeria, Senegal, Kenya, and Mauritius...
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Tunisie Moody’s downgraded the issuer’s long-term rating from B2 to B3

As expected, the rating agency Moody's downgraded the issuer's long-term foreign currency and local currency rating for Tunisia from B2 to B3 and maintained the negative outlook. Moody's points out that "the long process of fiscal consolidation and public sector reform requires consensus with civil society structures on the direction...
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Côte d’Ivoire Moody’s revoit la note du pays à la baisse

L’agence de notation internationale, Moody’s, a annoncé qu’elle a placé la note souveraine de la Côte d’Ivoire en revue pour une révision à la baisse. « L'examen en vue d'un déclassement reflète notre analyse selon laquelle la participation du pays à l'initiative de suspension du service de la dette du G20 (DSSI)...
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Moody’s cuts South Africa’s rating to junk status

After having downgraded its sovereign debt rating to junk status at the end of March, the rating agency Moody's reduced its growth forecasts for South Africa with an expected contraction of GDP of 2.5% in 2020, in the wake of the economic crisis linked to the Covid-19 epidemic. Fitch and...
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Morocco Moody’s renews the note of the Kingdom

In its press release, the institution renewed the Ba1 rating with a stable outlook for the kingdom. “The stable Ba1 rating attributed to Morocco's credit profile demonstrates the resilience demonstrated by the kingdom to internal and external shocks....
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Kenya Moody’s welcomes tax cuts

The global rating agency Moody's has welcomed the package of monetary and fiscal policy measures taken by the Kenyan authorities on Tuesday to lessen the impact of the coronavirus epidemic on the economy. The rating agency said it expects these measures to mitigate the negative impact of economic turmoil on...
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