Ghana: Fitch assigns ‘CCC+’ rating to Ghana’s new dollar bonds

 Fitch Ratings has assigned a ‘CCC+’ rating to Ghana’s new U.S. dollar bonds following the government’s successful restructuring of its Eurobond debt.

The rating agency in a report said it had also upgraded Gha­na’s Long-Term Local-Currency (LTLC) and Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’, re­flecting growing confidence in the country’s domestic credit profile.

It, however, stated that Gha­na’s Long-Term Foreign-Currency (LTFC) IDR…