Plans by state-owned Asset Management Corp. of Nigeria to retire about a third of its $35 billion of bonds and refinance the rest by 2014 will boost the country’s creditworthiness, Moody’s Investors Service said.
The Czech Republic’s credit rating may be increased if the new government delivers on its promise to cut the budget deficit, Moody’s Investors Service said, pushing the koruna up as other east-European currencies fell.
Russia’s low debt and deficit levels are insufficient to win the country its first credit- rating upgrade in almost five years because of corruption and weak rule of law, Moody’s Investors Service said.
Hungary’s fiscal plan unveiled this week supports rating the country’s debt at the lowest investment grade and remaining risks justify keeping the outlook negative, Moody’s analyst Dietmar Hornung said, according to Reuters.
Irish Prime Minister Enda Kenny has said he wants to wave goodbye next year to the international creditors who bailed out his country. That ambition rests in part with a credit analyst poring over figures 675 miles away.