Geeska Afrika Online

Ethiopia: Receives First Sovereign Standard & Poor’s rating

Addis ababa (HAN) May 13, 2014 – By Javier Blas in London and Katrina Manson in Nairobi – Financial Times (C). Ethiopia has received its first sovereign credit rating from the top global agencies, a step that opens the door for a potential debut on international capital markets and highlights the country’s profound turn round.
For many, Ethiopia is still remembered as the country that suffered a famine, described at the time in 1984, of “biblical proportions”. But for savvy investors, the country is today one of the world’s fastest growing economies, averaging growth of more than 10 per cent per year over the last decade and attracting the likes of clothing giant H&M and private equity groups.

Moody’s on Monday joined its rivals Standard & Poor’s and Fitch in rating the country…………

Please if you share this article with others -Click bellow to access full article

To read Full Article Please Click FT website here


Ethiopia Will Seek Sovereign Credit Rating To Lure Investors


LOCAL markets are set to take a knock this week after Standard & Poor’s (S&P) unexpectedly downgraded South Africa’s sovereign credit rating.  in October 2012 the decision by S&P followed a downgrade by Moody’s two years ago, but its new rating puts South Africa one level below the credit assessments of the other two top rating agencies, Moody’s and Fitch.
“This is a warning that we need to get things right, the direction events are taking at the moment is very worrisome,” said Nedbank economist Isaac Matshego. “I’m fearful about the outlook. If things continue as they are, we are going to fall into junk category.”


photo: Sufian Ahmed, Minister of Finance and Economic Development, Ethiopia.


The latest updates Follow

Geeska Afrika Online (1985 -2014) – The International Gateway news and views about the Horn of Africa (Ethiopia, Eritrea, Somalia, Somaliland, Sudan, South Sudan, Djibouti, Kenya and Uganda), the best IGAD news and information Online Site for the last 20 Years.

HAN & Geeska Afrika Online (1985-2014), the oldest free independent Free Press in the region, brings together top journalists from across the Horn of Africa. Including Ethiopia, Somalia, Eritrea, Sudan, Djibouti, South Sudan, Uganda, Kenya, Oromo, Amhara, Somali, Afar and Harari. Plus, we have daily translations from 150 major news organizations in the Middle East and East African regions. Contact at



, ,




Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Copy link