In Your Interest
April 23, 2020/Fitch Ratings Suspension of sovereign debt payments owed to multilateral development banks (MDBs) would be negative for MDB ratings unless they were fully compensated by their shareholders, Fitch Ratings says. The G20 and Paris Club called for MDBs to ‘explore the options for suspension of debt service payments’ […]
April 23, 2020/Fitch Ratings Fitch Ratings has made further large cuts to global GDP forecasts in its latest Global Economic Outlook (GEO) in response to coronavirus-related lockdown extensions and incoming data flows. “World GDP is now expected to fall by 3.9% in 2020, a recession of unprecedented depth in the […]
April 23, 2020/Cordros Report EQUITIES Sentiments in the domestic were bearish, as sell pressure witnessed in bellwether stocks – DANGCEM (-3.3%), BUACEMENT (-5.3%), and NESTLE (-6.7%) – caused the All-Share Index to decline by 1.4% to 22,470.79 points. The move is the biggest since falling by 2.0% on April 6, […]