Moody's downgrades Ghana's rating to Caa1; outlook stable

Moody's Investors Service ("Moody's") has today downgraded the Government of Ghana's long-term issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative. Moody's has also downgraded the senior unsecured MTN programme ratings to (P)Caa1 from (P)B3 and the backed senior unsecured debt rating to B3 from B1.