Fitch Rates Ghana’s $1bn partially Guaranteed Notes ‘BB-‘

Fitch Rates Ghana’s $1bn partially Guaranteed Notes ‘BB-‘

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Fitch Ratings has assigned Ghana’s USD1bn partially guaranteed notes a final ‘BB-‘ rating. The bonds benefit from a partial credit guarantee (PCG) provided by the International Development Association (IDA) for scheduled debt service payments of up to 40% of the original principal. While the IDA PCG can be used to cover debt service payments, reducing

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