Fitch downgrades namibia
WebJul 5, 2024 · Last month Fitch downgraded Namibia to a rating of BB-, saying the country was on a negative debt trajectory. Both debt and interest rates on the involved debt were considered too high, and the ...
Fitch downgrades namibia
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WebSep 5, 2016 · Debt costs Namibia. By. 5 September 2016. FINANCE minister Calle Schlettwein yesterday appealed for calm after Fitch downgraded Namibia’s economic outlook from stable to negative on Friday ... Web1 day ago · Thu 13 Apr, 2024 - 3:36 AM ET. Development Bank of Namibia Limited’s (DBN) ‘BB-’ Long-Term Issuer Default Rating (IDR) is driven by potential support from the Namibian authorities, as expressed by its Government Support Rating (GSR) of ‘bb-’. DBN’s Long-Term IDR and GSR are equalised with Namibia’s ‘BB ’ Long-Term IDR.
WebJul 1, 2024 · Fitch Ratings (Fitch) downgraded Namibia’s long-term foreign currency credit rating to BB- and changed the outlook from negative to stable on Friday, 24 June. This reflects high and rising government debt, exacerbated by a series of economic shocks since 2024. A downgrade means that when Namibia needs to borrow more money, as it … WebApr 10, 2024 · The rating actions follow the downgrade of Namibia's Long-Term IDRs to 'BB'; Outlook Stable (see 'Fitch Downgrades Namibia to 'BB'; Outlook Stable dated 1 October 2024 at www.fitchratings.com). Fitch's assessment of the fundamental issuer-specific credit considerations remains unchanged.
WebNamibia fiscal problems are compounded by the fact that recently the international credit rating agency Fitch downgraded Namibia economic outlook from stable to negative, exacerbating fears of sovereign downgrade. This came to pass when Moody’s very recently, in August 2024 down-graded Namibian sovereign credit ... WebJun 25, 2024 · 25 June 2024 RATING agency Fitch has downgraded Namibia's credit rating due to weak economic performance. In their latest statement, Fitch says the …
WebOct 15, 2024 · By. 15 October 2024. FITCH Ratings Agency has downgraded the Development Bank of Namibia, saying the government cannot give the financial institution the necessary support in case of need. “As a ...
WebOct 3, 2024 · FINANCE minister Calle Schlettwein has said Namibia still remains a highly rated economy in the region despite the second consecutive downgrade in two years by Fitch. Analysts, however, claim that ... how many days until school ends 2020WebJan 7, 2024 · On 24 June 2024, Fitch downgraded Namibia's Long-Term IDR to 'BB-' from 'BB' (see "Fitch Downgrades Namibia to 'BB-'; Outlook Stable" on www.fitchratings.com). Key Rating Drivers. DBN's 'BB-' Long-Term IDR is equalised with that of Namibia, reflecting a moderate probability of support from the Namibian authorities. The Stable Outlook on … high tech 77165WebJun 25, 2024 · Fitch predicts Namibia’s economic growth to increase to 2.8% in 2024 and 3.1% in 2024, supported by additional increases in mining production and continued recoveries in secondary and tertiary industries, but warns global growth prospects and energy prices as well as tighter global financing conditions could threaten the recovery. high tech 2023WebFeb 21, 2024 · Fitch downgrades Namibia's economic outlook Source: Xinhua 2024-02-21 20:53:26 Editor: xuxin. Video Player Close. WINDHOEK, Feb. 21 (Xinhua) -- Credit rating agency Fitch on Thursday revised the Outlook on Namibia's Long-Term Foreign-Currency Issuer Default Rating to Negative from Stable, citing weak economic growth in the … how many days until saint patrick\u0027s day 2023WebJun 25, 2024 · Fitch Downgrades Namibia to 'BB-'; Outlook Stable Fitch Ratings June 25, 2024 5:09 PM Fitch Ratings has downgraded Namibia's Long-Term Foreign-Currency … high tech 2 stage auto paint kits for saleWebOct 4, 2024 · IT WAS NO SURPRISE that credit rating agency Fitch Ratings has downgraded Namibia’s creditworthiness. That, in essence, paints Namibia as a sinking ship. high tech 7100WebJul 10, 2024 · Fitch Ratings - London - 07 Oct 2024: Fitch Ratings has downgraded Namibian Ports Authority's (Namport) National Long-Term Rating to 'AA-(zaf)' from 'AA+(zaf)'. The Outlook is Stable. A full list of rating actions is below. high tech 5w-30