Latest News for: Currency default

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Maldives axes political appointees to reduce public costs

Anadolu Agency 15 Oct 2024
Earlier in August, Fitch Ratings had downgraded the Maldives' long-term foreign currency issuer default rating to ‘CC’ from ‘CCC,’ citing mounting financial pressures that have heightened the risk of default.
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Fitch and Moody’s improve Ghana’s credit rating 

Ghana Business News 15 Oct 2024
While Fitch upgraded the country’s Long-Term Local-Currency Issuer Default Rating (IDR) from ‘CCC’ to ‘CCC+’, Moody’s raised the ratings from the previous levels of ‘Caa3’ and ‘Ca to ‘Caa2.’.
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S&P Global says countries likely to default more often in coming decade

Hellenic Shipping News Worldwide 15 Oct 2024
Countries are likely to default more frequently on their foreign ...
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Financial sector buoyed by Moody’s upgrade

B & FT Online 15 Oct 2024
... assignment of Ghana’s new USD bonds a ‘CCC+’ rating and upgrade of the Long-Term Local-Currency Issuer Default Rating to ‘CCC+’ from ‘CCC’.”.
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S&P predicts rise in sovereign debt default over next decade

Invezz 14 Oct 2024
“Most sovereign foreign currency defaults over 2000-2023 resulted from weak institutional, fiscal, and debt composition factors,” noted S&P Global credit analyst Giulia Filocca in a detailed report.
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Web Hosting Talk 10 Oct 2024
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Fitch affirms Bank of NZ’s long-term ratings at A+

Amwal Al Ghad 10 Oct 2024
Fitch Ratings affirmed Bank of New Zealand's (BNZ) credit ratings, including its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at A+ ....
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Fitch signals possible upgrade for Sri Lanka's credit rating

China.dot.org 09 Oct 2024
9 (Xinhua) -- Fitch Ratings announced on Wednesday that they may upgrade Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) from Restricted Default (RD) status once the country completes a commercial debt restructuring.
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From `India Out` To `India In`? Maldives Prez Muizzu Arrives In Delhi To Seek Bailout ...

Zeenews 06 Oct 2024
Maldives President Muizzu seeks Indian financial assistance to bolster the country's foreign currency reserves as the island country stares at debt default ... .
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Maldives president visits India amid trouble in tourist paradise

Yahoo Daily News 06 Oct 2024
Last month, global agency Moody’s downgraded the Maldives' credit rating, saying that “default risks have risen materially”. An Indian bailout will bolster the country’s foreign currency reserves ... ....
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S&P upgrades Mongolia's rating to B+ with positive outlook

Xinhua 04 Oct 2024
This upgrade follows a similar move by Fitch Ratings, which, in late September, raised Mongolia's long-term foreign-currency issuer default rating from 'B' to 'B+', while maintaining a stable outlook.
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Web Hosting Talk 03 Oct 2024
○ Supports any currency symbol or name. You can define right and left currency symbols and currency code(for default and each payment gateways separately) ... It can be convert default currency to payment gateway's currency automatically.

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Jammu and Kashmir Police and officals of Revenue department destroys illegally cultivated Poppy on a patch of land at Parigam 35 kms in south kashmir's Pulwama district on Thursday 19, May 2016.The jammu and kashmir Police has identified several hectares of land in Kashmir villages that will be destroyed over a month tenure. A kilogram of such poppy husk sells for $ 16 - 25 (1000-1500 INR) in the local markets and the cultivation of poppy is banned under state law. Opium cultivation in Kashmir has shown significant increase over the past few years according to Excise and Taxation officials. Large stacks of land are coming under the cultivation with derivatives mostly landing with drug and narcotic suppliers across India. Every year government officials clear such plantation.
WN / Imran Nissar
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