Fitch Affirms Ethiopia at 'B'; Outlook Stable

April 10, 2015 8:02 PM

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(The following statement was released by the rating agency) PARIS/LONDON, April 10 (Fitch) Fitch Ratings has affirmed Ethiopia's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B'.

The issue ratings on senior unsecured foreign currency bonds are also affirmed at 'B'. The Outlooks on the Long-term IDRs are Stable. The Country Ceiling and the Short-term foreign currency IDR are also affirmed at 'B'. KEY RATING DRIVERS Ethiopia's 'B' IDRs reflects a balance between the economy's ...

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