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Fitch Keeps Ethiopia's Rating Amid Debt Changes | Markets & Money News
Fitch Ratings has reaffirmed Ethiopia's Long-Term Foreign-Currency Issuer Default Rating at 'RD' due to ongoing defaults on its external commercial obligations, including a missed $33 million Eurobond coupon. Progress has been made on debt restructuring, such as a bond swap agreement from June 2026, and negotiations for a $200 million unbacked loan are underway. Improved foreign exchange reserves, helped by strong gold and coffee exports, provide some financial relief. However, domestic
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