rating

S&P Upgrades Saudi Arabia Outlook, Flags Possible Ratings Upgrade

3 months ago

The international rating agency Standard & Poor's (S&P) has upgraded its outlook for Saudi Arabia from "negative" to "stable", hinting at a potential upgrade of the country's credit rating in the future. This announcement serves as an important signal for investors and participants in global financial markets, especially considering the new economic data and the effectiveness of the crisis management measures implemented in the country.

Spain on the Brink of Moody's Credit Rating Upgrade

3 months ago

Spain, which has shown impressive economic indicators over the past few years, is nearing a possible upgrade of its credit rating, an achievement that could have significant implications for the country. Rating agency Moody's is considering revising Spain's creditworthiness in light of its sustained economic growth and decreasing national debt levels.

Fitch Upgrades Turkey's Rating to BB

3 months ago

International rating agency Fitch has upgraded Turkey's credit rating to BB, marking an important step for the country's economy as it seeks to restore investor confidence. This upgrade comes amid improved economic stability and the upcoming conclusion of elections, which will significantly influence the future of the country's financial policies.

S&P's Watch on New Zealand's Current Account Deficit and Weak Economy

3 months ago

Standard & Poor's (S&P) has expressed concern regarding the growing current account deficit in New Zealand, which has become a primary factor that could impact the country's credit rating. According to recent data, the current account deficit has reached record levels, raising additional worries among international investors. Economists emphasize that such a deficit may indicate a lack of economic resources and a dependence on foreign investments.

BCE's Credit Rating Downgraded to One Step Above Junk

3 months ago

Recently, the credit agency Moody's announced that it has downgraded the credit rating of Canadian telecom giant BCE Inc. to just one tier above “junk” status. This significant development in the telecommunications sector could have serious implications for both the company and its investors.

Paraguay Set to Boost Investments Thanks to Upgrade in Credit Rating

3 months ago

Paraguay's Finance Minister, Arnulfo Caballero, announced that the recent attainment of an investment-grade rating from international agencies has created favorable conditions for new deals and investments in the country. He emphasized that this rating has opened doors to capital influx and expanded opportunities for both foreign and domestic investors.

S&P Downgrades Kenya: Deeper into Junk After Tax Hike Repeals

3 months ago

According to the latest news, S&P Global Ratings has decided to downgrade Kenya's credit rating to junk status. This decision follows the recent repeal of tax hikes that the government had implemented as part of its economic reforms. The downgrade comes amid concerns over worsening financial metrics and a rising debt burden on Kenya's economy.

Ireland Achieves Credit Rating Upgrade Due to Strengthening Public Finances

3 months ago

Ireland has been awarded a credit rating upgrade by Scope Ratings. This change is attributed to the improvement of public finances and the country's robust economic growth. Analysts from the agency noted that Ireland features a strong budget position, which is becoming increasingly evident amid global economic challenges.

Peru Group Relaunches NYC Roadshows on Downgrade Wake-Up Call

4 months ago

A Peruvian group composed of various state and private companies has decided to relaunch its series of presentations and meetings in New York, targeting potential investors. This decision comes in the wake of a recent downgrade of the country's credit rating, which has served as a wake-up call for the economy, highlighting the need to restore the trust of international financial institutions.