Tag: Moody’s Investors Service

Moody’s changes Ghana’s outlook to negative, B3 rating affirmed

Moody's Investors Service has affirmed the Government of Ghana's long-term local and foreign currency issuer and foreign currency senior unsecured bond ratings at B3 and changed the outlook to negative from positive. Derrick Mensah, Portfolio Manager at IC Asset Managers joins CNBC Africa for more.

These are measures Bank of Ghana is taking to mitigate COVID-19 impact on the banking sector

Moody’s Investors Service say they expect the recent measures by the Bank of Ghana to help mitigate the negative effects of the coronavirus on banks’ asset quality and liquidity. Vice President and Banking Analyst at Moody’s, Christos Theofilou joins CNBC Africa for more.

Moody’s: Ghana’s credit profile captures several positive developments

Moody's Investors Service says Ghana’s B3 credit profile captures several positive developments which includes a return to primary surpluses, a more secure power supply that supports non-oil growth among others. As the country celebrates its 63rd year of independence, Elisa Parisi-Capone, Vice President and Senior Analyst of the Sovereign Risk Group at Moody’s joins CNBC Africa for more.

Moody’s: Rising debt burdens raising sustainability concerns in ECOWAS region

Moody’s Investors Service says debt burdens have risen across ECOWAS member states raising concerns over debt sustainability in the region. Lucie Villa, Vice President and Sovereign Analyst at Moody’s joins CNBC Africa’s Kenneth Igbomor to discuss the debt concerns in West Africa.

Moody’s declares 65% LDR for Nigerian banks as credit-negative – what are the implications for the economy?

Moody's Investors Service says meeting the Central Bank of Nigeria's (CNB) minimum requirement of 65 per cent Loan-to-Deposit ratio will be credit negative for the banks as they expect Nigerian banks to potentially make riskier loans to meet the LDR target by March. Peter Mushangwe, Banking Analyst at Moody’s joins CNBC Africa from London for more.

Moody’s: Reduced NPLs in Nigerian banks credit positive

Moody's Investors Service says the reduced non-performing ratios in Nigerian banks are credit positive as lower Non-Performing Loans (NPLs) reduce the risk of capital erosion from unexpected losses. Akintunde Majekodunmi, Vice President and banking Analyst at Moody’s joins CNBC Africa to discuss some of these decisions and their impact on Africa’s banking sector.

Moody’s banking sector outlook for Kenya

According to Moody’s Investor Service, Kenya’s economy will continue to grow at 6.0 per cent in 2019 and 2020, supported by the strong services sector and private consumption. Christos Theofilou, Vice President – Senior Analyst at Moody’s Investors Service joins CBNC Africa to share if solid capital and profitability shield banks from high asset risk.

What does an unchanged status quo mean for the oil & gas sector in Nigeria?

Moody's Investors Service says they expect Brent prices to remain with the $55 to $75 range through 2020. Douglas Rowlings, Vice President, and Senior Analyst: Corp Finance Group at Moody's joins CNBC Africa to discuss events impacting oil prices.