Fitch downgrades Ethiopia further into junk territory as default looms

Fitch downgrades Ethiopia further into junk territory as default looms Ethiopia’s credit rating was downgraded further into junk territory on Thursday by the Fitch Ratings agency, which cited an “increased likelihood” of default. The east African country failed to pay a coupon on its single outstanding $1 billion Eurobond which had been due on Dec. […]


The post Fitch downgrades Ethiopia further into junk territory as default looms appeared first on ETHIOPIANS TODAY.


http://dlvr.it/T09V3k