Moody’s predict bad outlook for region
Credit Ratings and Research Agency, Moody’s has predicted tough times ahead for the Sub-Saharan region in terms of sovereign credit worthiness*.
A report published this week by the American-based Investors Service states that its 2020 outlook for sovereign credit worthiness remains negative.
Moody’s attributes this to the limited progress made in reducing risk related to increased debt burdens (a large amount of money that a country owes to another which they are struggling to repay)and debt servicing.
“While growth will remain solid, it will...
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