Business News of Saturday, 25 January 2020Source: dailyguidenetwork.comMoody’s rates Ghana’s economic outlook positiveFile photo: Moody’s Investors ServiceRating agency, Moody’s Investors Service (“Moody’s”) has affirmed Ghana’s long-term issuer and senior unsecured bond ratings at B3. It has also changed the outlook of Ghana from stable to positive. The decisions were announced in a statement issued by Moody’s in New York on January 24, 2020. According to the statement, Moody’s has concurrently affirmed the rating of the bond enhanced by a partial guarantee from the International Development Association (IDA, Aaa stable) at B1. It stated that the positive outlook reflects increasing confidence that the government will manage those pressures in such a way as to sustain and enhance external and fiscal stability.

Source: GhanaWeb January 25, 2020 11:26 UTC