Fitch Ratings, the global rating agency, has opted to keep Ethiopia’s credit rating at Restrictive Default
Published on: 01 May 2025
- the same rating it issued after Ethiopia failed to pay the first USD 33 million coupon on its USD one billion Eurobond in December 2023
- However, the rating agency upgraded Ethiopia’s Long-Term Local-Currency IDR to ‘CCC+’ from triple C status
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