FOREX TradingCharts.com

Financial News: Fitch Maintains Namibia's Rating At 'BBB-'

Fitch Maintains Namibia's Rating At 'BBB-'

06/19/2017 - 06:37:00 (RTTNews)

(RTTNews) - Fitch Ratings maintained the sovereign ratings of Namibia with 'negative' outlook on Monday.

Namibia's 'BBB-' rating reflects the economy's strong growth potential and record of political stability, balanced by high fiscal and external deficits, the agency said.

The 'negative' outlook indicates uncertainties about the growth outlook and the ability of the government to reverse the rise in debt.

The economy narrowly avoided a contraction in 2016. Fitch forecasts a recovery in growth in 2017, to 2.0 percent, notwithstanding slow growth in neighboring South Africa.

Over the medium term, Fitch expects growth to return to around 5 percent or higher.

The rating agency forecasts Namibia's inflation to drop to 6 percent by end-2017. The Bank of Namibia is expected to hold the policy rate at its current level through the year to support the currency peg to the South African rand.

Fitch said Namibia's track record of political stability and governance indicators are slightly higher than peers.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Improves Much More Than Expected In August (03 hr(s), 36 min(s), 30 sec(s) ago)
(RTTNews) - With consumer expectations showing a significant rebound, the University of Michigan r ...Full Story»

India's Trade Deficit Likely To Remain Under Control: Capital Economics (05 hr(s), 17 min(s), 30 sec(s) ago)
(RTTNews) - The narrowing in India's trade deficit in July and a number of factors should ensu ...Full Story»

Poland's Industrial Output Falls More Than Forecast (05 hr(s), 40 min(s), 30 sec(s) ago)
(RTTNews) - Poland's industrial production declined more than expected in July on sharp reduct ...Full Story»

Eurozone Industrial Production Yet To Show Improved Trend: ING (05 hr(s), 42 min(s), 30 sec(s) ago)
(RTTNews) - Eurozone industry is undergoing a cautious recovery and an actual improvement in the c ...Full Story»

India's Accelerating Inflation Leaves Little Room For Further Loosening (06 hr(s), 21 min(s), 30 sec(s) ago)
(RTTNews) - The Reserve Bank of India is unlikely to follow up with further policy loosening in th ...Full Story»

Portugal PPI Inflation Slows Further (07 hr(s), 26 min(s), 30 sec(s) ago)
(RTTNews) - Portugal's producer price inflation eased for the fourth consecutive month in July ...Full Story»

Italy Current Account Surplus Grows In June (07 hr(s), 39 min(s), 30 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in June from a year ago, data from the B ...Full Story»

S&P Maintains S. Korea's Sovereign Ratings (08 hr(s), 13 min(s), 30 sec(s) ago)
(RTTNews) - Standard & Poor's on Friday maintained the sovereign ratings of South Korea at ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Much More Than Expected In August

08/18/2017 - 10:22 AM (RTTNews)
(RTTNews) - With consumer expectations showing a significant rebound, the University of Michigan r ...Full Story>>

India's Trade Deficit Likely To Remain Under Control: Capital Economics

08/18/2017 - 08:41 AM (RTTNews)
(RTTNews) - The narrowing in India's trade deficit in July and a number of factors should ensu ...Full Story>>

Poland's Industrial Output Falls More Than Forecast

08/18/2017 - 08:18 AM (RTTNews)
(RTTNews) - Poland's industrial production declined more than expected in July on sharp reduct ...Full Story>>

Eurozone Industrial Production Yet To Show Improved Trend: ING

08/18/2017 - 08:16 AM (RTTNews)
(RTTNews) - Eurozone industry is undergoing a cautious recovery and an actual improvement in the c ...Full Story>>

India's Accelerating Inflation Leaves Little Room For Further Loosening

08/18/2017 - 07:37 AM (RTTNews)
(RTTNews) - The Reserve Bank of India is unlikely to follow up with further policy loosening in th ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.