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Foreign Currency Ratings On Fiji Islands Affirmed At 'B-/C'; Outlook Revised To Positive On Improving External Position
Standard & Poors, February 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
MELBOURNE (Standard & Poor's) Feb. 18, 2011--Standard & Poor's Ratings Services said today that it has affirmed its 'B-/C' foreign currency and 'B/C' local currency issuer credit ratings on the Republic of Fiji Islands. The outlook on the long-term foreign currency rating is revised to positive from stable. The outlook on the long-term local currency rating remains stable. At the same time, Standard & Poor's maintained its 'B-' T&C Assessment and assigned a '4' recovery rating to the government's foreign currency debt instruments. The ratings on Fiji reflect the country's persistent fiscal and current account deficits, as well as deficiencies in available data-a factor that complicates our analysis. These factors are offset, in part, by Fiji's improved external indicators. We...
Companies mentioned in this report are: Fiji Islands (Republic of)
Action: Outlook: Positive
Fiji Islands (Republic of)