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Even though the NDB quickly cut ties with Russia, Fitch Ratings still downgraded the NDB from stable to negative on its Long-Term Issuer Default scale. [ 23 ] [ 24 ] In May 2022, the New Development Bank set up a regional office in India in the state of Gujarat with the goal of financing and observing infrastructure projects in both India and ...
Fitch Ratings typically does not assign outlooks to sovereign ratings below B− (CCC and lower) or modifiers. CCC indicates 'Substantial Credit Risk' where 'default is a real possibility'. CC indicates 'Very High Levels of Credit Risk' where 'default of some kind appears probable'. [104]
Botswana: National Development Bank of Botswana (NDB Botswana) Ethiopia: Development Bank of Ethiopia (DBE) Ghana: Agricultural Development Bank of Ghana (ADB) Kenya: Development Bank of Kenya (DBK) Mozambique: Banco Nacional de Investimento (BNI) Nigeria: Bank of Industry (BOI) Rwanda: Rwanda Development Bank (BRD)
A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors when looking to invest in particular jurisdictions, and also takes into account political risk.
The credit rating is a financial indicator to potential investors of debt securities such as bonds.These are assigned by credit rating agencies such as Moody's, Standard & Poor's, and Fitch, which publish code designations (such as AAA, B, CC) to express their assessment of the risk quality of a bond.
The Standard & Poor's credit rating agency lowers its long-term credit ratings on the eurozone countries of Cyprus, Italy, Portugal, and Spain by two notches each and Austria, France, Malta, Slovakia, and Slovenia by one notch each. (Standard & Poor's) 99.19.45.64 02:59, 14 January 2012 (UTC)
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