Fitch, Moody’s Warn of Sovereign Defaults in Africa

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Sada El-Balad Egitto 09.12.2020. 19:58

Fitch, Moody’s Warn of Sovereign Defaults in Africa

Credit rating agencies “Moody’s and Fitch” warned on Wednesday of rising levels of African debt in the wake of the COVID-19 crisis, raising the risk of a second wave of sovereign defaults and rising African debt risks. A new report by Fitch estimated that weak growth and high spending will push ave»»»

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