Research Update: Fiji Islands Foreign Currency Rating Raised To ?B? From ?B-? On Revised Rating Methodology; Outlook Revised To Stable Aug 11

Standard & Poors, August 2011

Abstract
Standard & Poor's has revised its methodology and assumptions for rating sovereign governments. Consequently, we are raising the foreign currency long-term sovereign credit rating on Fiji to 'B' from 'B-' and the short-term rating to 'B' from 'C'. Correspondingly, we are raising the T&C assessment on Fiji to 'B' from 'B-'. We are also affirming the local currency long-term sovereign rating on Fiji at 'B' and raising the local currency short-term rating to 'B' from 'C'. On Aug. 5, 2011, Standard & Poor's Ratings Services raised its foreign currency long-term sovereign rating on Fiji to 'B' from 'B-'. The outlook on the foreign currency rating is revised to stable from positive. Correspondingly, we raised the Transfer & Convertibility assessment to...

Companies mentioned in this report are: Fiji Islands (Republic of)
Action: Upgraded

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

Fiji Islands (Republic of)

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