OPINION/EDITORIAL

Lower Oil Prices to Weaken Credit Profiles of Oil-Exporting Sovereigns

Culled—Proshare April 2, 2020 By Moody’s Investors Service                                                                               Losses in fiscal revenue by more than 10% of GDP for most exposed sovereigns Large sovereign assets will provide a degree of resilience for some The severity of the credit impact of lower oil prices on oil- and gas-producing sovereigns will […]

Sovereign Debt Relief Momentum is Accelerating

Culled—Proshare April 2, 2020 By Fitch Ratings                                                                               Momentum for debt relief for coronavirus-affected low-income countries is building, says Fitch Ratings; but if relief is applied only to debt held by official creditors it will not be counted as a default under our Sovereign Rating Criteria. A default rating could […]

Debit on the Services Account Exceeds $10bn in Q4 2019

Culled—Proshare April 2, 2020 By FBNQuest Research                                                                               Debits on the services account exceeded US$10bn for the first time in Q4 2019, reflecting the fact that Nigeria produces very little in the way of services for its population of about 200 million. Transportation, travel and other business services together comprised […]