Ethiopia has become the third African country to formally default on its debt in as many years, after missing the deadline this week to make a $33mn interest payment on its only international bond.
Fitch Ratings on Wednesday downgraded the country’s credit rating to “restricted default” after a grace period for a payment originally due on December 11 expired.
Africa’s second most populous country first sought debt relief in 2021 as pressures from the coronavirus pandemic and conflict in the northern Tigray region hampered economic growth.
您已阅读21%（542字），剩余79%（2100字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。