Share

Fitch downgrades Ethiopia to ‘CCC’

Fitch Ratings has downgraded Ethiopia’s rating to ‘triple C’ from ‘B’. The downgrade reflects the government’s announcement that it is looking to make use of the G20 Debt Suspension programme, which although still an untested mechanism, raises the risk of a default event. Fitch Ratings’ Toby Iles joins CNBC Africa for more.

Wed, 10 Feb 2021 14:36:01 GMT

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.
,