Rating Actions in Foreign Currency on February 26, 2021 Fitc | Cbonds Global

Rating Actions in Foreign Currency on February 26, 2021

Fitch Ratings affirmed Ireland at "A+" with a stable outlook.

Fitch Ratings affirmed Denmark at "AAA" with a stable outlook.

Fitch Ratings affirmed Ukraine at "B" with a stable outlook.

Moody's changed Ecuador's outlook to stable, affirmed "Caa3" rating.
Reasons: "The outlook change to stable from negative balances the favorable interest and amortization payment schedule on market debt and substantial external financing under the International Monetary Fund (IMF) program, with lingering challenges to reducing fiscal imbalances, that could once again raise credit risks over the medium-term." - Moody's report.

S&P Global Ratings changed Georgia's outlook to negative, affirmed "BB" rating.
Reasons: "risks to Georgia's ability to generate adequate foreign exchange earnings to service its sizable external liabilities over our forecast horizon. The recovery in the tourism sector is likely to lag the global rollout of vaccines, and we do not project a return to 2019 levels of tourist activity through 2024." - S&P Global Ratings report.