Rating Actions in Foreign Currency on August 26, 2022 S&P Glo | Cbonds Global

Rating Actions in Foreign Currency on August 26, 2022

S&P Global Ratings:

affirmed Kenya at 'B' with the stable outlook.

affirmed Denmark at 'AAA' with the stable outlook.

affirmed Austria at 'AA+' changed outlook to stable from positive.

Reasons: "The stable outlook balances our view of Austria's solid macroeconomic and credit metrics, including our expectations on economic growth and further budgetary consolidation, against the rising risks to the economy emanating from the combination of high inflation and dependence on Russia for energy supplies." S&P's press release.

affirmed Georgia at 'BB' with the stable outlook.

Fitch Ratings:

affirmed Gabon at 'B-' changed outlook to positive from stable.

Reasons: "The revision of the Outlook reflects improvement in Gabon's fiscal trajectory, given higher oil revenue and continued restraint with current spending, anchored by an IMF programme." Fitch's press release.

upgraded Mozambique to 'CCC+' from 'CCC' without outlook.

Reasons: "We expect the IMF programme will serve as a policy anchor for gradual fiscal consolidation and the strengthening of the sovereign's institutional capacity, providing additional support for debt reduction." Fitch's press release.