Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

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Ghana Ratings Raised To 'B' On Improved Monetary Policy Effectiveness; Outlook Stable
  • 14-Sep-2018 16:41 EDT
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OVERVIEW

  • Ghana's improving banking sector stability and lower inflation support
    our view that the effectiveness and transmission mechanism of its
    monetary policy have improved.
  • We are therefore raising our long-term ratings on Ghana to 'B' from 'B-'.
    We are affirming the short-term foreign and local currency sovereign
    credit ratings at 'B'.
  • The outlook is stable.
 
Montenegro 'B+/B' Ratings Affirmed; Outlook Stable
  • 14-Sep-2018 16:22 EDT
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OVERVIEW

  • We forecast that Montenegro's economy will expand by 3.5% this year
    following a 4.3% increase in output in 2017.
  • Although fiscal performance in the first half of 2018 fell short of the
    government target, we project broad fiscal consolidation to continue,
    with net general government debt levels declining from a peak of 65% of
    GDP next year.
  • We are affirming our 'B+/B' ratings on Montenegro.
  • The outlook is stable.
 
Macedonia 'BB-/B' Ratings Affirmed; Outlook Stable
  • 14-Sep-2018 16:16 EDT
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RATINGS
Foreign Currency: BB-/Stable/B
Local Currency: BB-/Stable/B
For further details see Ratings List.


OVERVIEW

  • Domestic political instability in Macedonia has receded over the last
    year, but uncertainties remain, including from the upcoming referendum on
    the country's name at the end of September.
  • In line with our previous expectations, Macedonia's economy has returned
    to growth following stagnation in 2017.
  • We are affirming our 'BB-/B' ratings on Macedonia.
  • The outlook is stable.
 
Nigeria 'B/B' And 'ngA/ngA-1' Ratings Affirmed; Outlook Stable
  • 14-Sep-2018 16:03 EDT
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Ratings:
Foreign and Local Currency: B/Stable/B

For further details see ratings list.


OVERVIEW

  • We expect Nigeria to maintain modest external assets and government debt
    levels through 2021.
  • We are therefore affirming our 'B/B' and 'ngA/ngA-1' ratings on Nigeria.
  • The outlook is stable.
 

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