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News - Financial

Fitch Ratings, the global rating agency, has opted to keep Ethiopia’s credit rating at Restrictive Default

May 01, 2025
Fitch Ratings, the global rating agency, has opted to keep Ethiopia’s credit rating at Restrictive Default
  • 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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