Consider freezing any ratings action amid pandemic
Image source: GhanaWeb

Consider freezing any ratings action amid pandemic


Summary short_text

In a statement, the Ministry said, "We therefore call on Rating Agencies to seriously consider freezing any rating actions during global pandemics such as COVID-19. It is very unfortunate that rating agencies will choose to downgrade our countries in these unprecedented times."
A review of global credit ratings indicates that lowering of sovereign credit ratings have affected more than 80 countries and there has been more than 100 negative outlook revisions for this year.


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