Senegal Foreign Debt Downgrade Prompts Sovereign Restructuring
The IMF agreed to a $2.2 billion loan program for fiscal recovery. Meanwhile, hidden obligations pushed public liabilities to 132% of GDP.
South Africa Bond Market Outpaces Rating Agencies on Fiscal Strength
South Africa's bond market is pricing in upgrades, with yields tightening against US Treasuries.
China's Credit Market Cleanup: Inflated Bond Ratings Face Reality
Beijing is addressing systemic fiction in corporate bond ratings, leading to significant downgrades.