Moody`s downgraded the outlook for the ratings of Italy, Slovakia and the Czech Republic

The international rating agency Moody`s changed the outlook for the rating of the economy of Italy, Slovakia and the Czech Republic from “stable” to “negative”. The long-term issuer ratings of the three countries in foreign and national currencies were confirmed at the previous levels – Baa3, A2 and Aa3, respectively. The agency attributed the deterioration … Read more

S&P rating agency downgraded Ukraine’s credit rating

The S&P rating agency has downgraded Ukraine’s long-term foreign currency credit rating from CCC+ to CC. On Friday, July 29, Bloomberg reported. It is noted that this decision was made by the organization after Ukraine turned to its creditors for a delay in payments on its external debt. In addition, S&P upheld its negative outlook … Read more

S&P downgraded Ukraine’s rating from CCC+ to CC with a negative outlook

S&P Global Ratings has downgraded Ukraine’s long-term foreign currency sovereign rating from CCC+ to CC. The forecast remains negative due to the government’s plans to restructure the public debt. S&P Global Ratings does not exclude that it will lower the rating to SD (selective default) if the Ukrainian authorities restructure the state debt. “We believe … Read more

Fitch downgrades Ukraine’s rating to pre-default

The international rating agency Fitch has downgraded Ukraine’s long-term issuer default rating from CCC to C (pre-default). The decision is related to Kyiv’s plans to negotiate with creditors to defer payments on public debt for two years. The agency does not rule out a downgrade to RD (limited default). Fitch believes that Ukraine will need … Read more

Fitch downgrades global GDP growth forecast to 2.9%

Fitch downgraded its forecast for global GDP growth for this year to 2.9%, noting the mounting pressure from global inflation, which is having an “increasingly negative impact on growth prospects.” In previous forecasts, which were made in March, Fitch estimated global GDP growth at 3.5%. The agency also cut its forecast for global economic growth … Read more

The Bank of Austria downgraded the forecast for annual inflation in the country

According to experts, inflation in the state will increase to 7%, from 5.6%. At the same time, economic growth is expected to be 3.8% this year, falling to 1.9% next year. According to the head of the bank, Robert Holtzmann, households will suffer the most damage in the current circumstances. .

The World Bank downgraded Russia’s GDP forecast // Infographics

Russia’s GDP will contract by 8.9% in 2022 and by 2% in 2023. Growth of 2.2% is expected in 2024. Such a forecast is contained in the World Bank’s World Economic Outlook report published on June 7. In their January forecast, the bank’s analysts expected the Russian economy to grow by 2.4% in 2022 and … Read more

S&P downgraded Ukraine’s long-term sovereign rating The long-term sovereign rating of Ukraine in foreign currency fell to ‘CCC+’ from ‘B-‘ with a negative outlook. This decision was made by the international agency S&P Global Ratings. According to analysts’ forecasts, the Ukrainian crisis will drag on for a long period of time. For this reason, Kyiv’s ability to meet its commercial … Read more