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Today: July 26, 2024
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Ethiopia - Junk Economy

November 2, 2023

Fitch downgraded Ethiopia deeper into junk territory

LONDON, Nov 2 (Reuters) – Fitch downgraded Ethiopia deeper into junk territory on Thursday to CC from CCC-, citing gaps in the country’s external financing that it said increased its likelihood of a default. Ratings in the CC bracket are seen as at imminent
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