Moody’s Downgrade Not Cause For Immediate Panic – Economist

The recent downgrade of the Treasury’s long-term issuer by Moody’s Ratings – from a Caa2 to Ca with a stable outlook – should not be cause for immediate alarm, as market observers had anticipated the development and factored it into their decision-making, Economist and Research Lead at GCB Capital, Courage Boti, has suggested.

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