(Reuters) – Ratings agency Fitch on Tuesday downgraded Ghana’s long-term foreign-currency issuer default rating to ‘restricted default’, after the country missed the grace period to make a coupon payment on one of its eurobonds.
Ghana on Friday missed making the $40.6 million coupon payment on its $1 billion 2026 eurobond, as part of the suspension of payments on selected external debt that the government announced in December last year, Fitch said.
(Reporting by Urvi Dugar in Bengaluru; Editing by Andrew Heavens)
