Economy | - Part 89

IMF reduces emerging economies growth to 4.3% in 2015

Economic growth reduced to 4.3% in 2015, downside risks persistThe International Monetary Fund reduced its projection for growth in emerging markets and developing economies to 4.3% in 2015 from an October forecast of 4.9%. It attributed the revision to lower growth in China and its negative impact on Emerging Asia, a much weaker economic outlook for Russia and its spill over on Commonwealth of Independent States (CIS), and to lower potential growth in commodity exporters….

Republic of Gabon assigned Ba3 rating with stable outlook

Posted on by The Editorial Team

Moody’s had assigned first-time local and foreign-currency issuer ratings of Ba3 to the government of the Republic of Gabon and the outlook on the ratings is stable. The key credit strengths underpinning the Ba3 rating of the Republic of Gabon include (1) robust growth prospect, (2) strong government balance sheet, and (3) reduced external vulnerability afforded by its membership of the CFA franc zone. These are balanced by credit constraints that include (1) the high reliance…

Broadly stable global sovereign outlook for 2015

Posted on by The Editorial Team

The global sovereign outlook for 2015 is broadly stable – a change from the diverse global trends seen in recent years, according to Moody’s 2015 Outlook: Global Sovereigns. The financial crisis and the sovereign debt crisis laid bare weaknesses in the credit quality of euro area sovereigns which resulted in widespread downgrades. In contrast, the economic benefits derived from the ‘commodities supercycle’ allied with structural and institutional reforms allowed material credit improvements (and consequently rating…

Fitch Affirms Cote d’Ivoire at ‘B’; Outlook Positive

Posted on by The Editorial Team

Fitch Ratings affirmed Côte d’Ivoire’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’, with a ‘positive’ outlook. It also affirmed the short-term foreign currency IDR at ‘B’ and the Country Ceiling at ‘BBB-‘, in line with the Country Ceiling of the West African Economic and Monetary Union to which Côte d’Ivoire belong. It said that the ratings and the outlook are supported by solid economic activity in the context of political stability,…

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