Rating Actions in Foreign Currency on January 25, 2022 Moody | Cbonds Global

Rating Actions in Foreign Currency on January 25, 2022

Moody's downgraded Kyrgyz Republic to 'B3' from 'B2', revised outlook to stable from negative;
Reasons: "The decision to downgrade the ratings is driven by Moody's assessment that recent developments affecting the economically important mining sector, and specifically the repossession of the Kumtor mine by the government, partly reflect relatively weak institutions and governance and are likely to negatively affect long-term economic growth particularly through the deterrence of foreign investment. Lower growth and undermined prospects for economic diversification will in turn negatively affect government revenue." Moody's press release

Fitch Ratings affirms Suriname at 'RD', Withdraws Ratings
Reasons: "Fitch is withdrawing Suriname's ratings as the issuer has chosen to stop participating in the rating process. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings (or analytical coverage) for Suriname." Fitch's press release