S&P

COVID behind Fiji economy’s ‘severe recession’, but ratings agency predicts economy to start recovering next year

COVID-related restrictions  and a relatively large fiscal deficit has prompted S&P Global to lower its rating of the Fiji economy from BB-minus to B+, although it expects the Fiji economy to recover next year.

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PNG economy may recover when second LNG project begins, but debt will rise

Ratings agency, S&P Global Ratings expects the Papua New Guinea to recover when the second LNG project commences next year, but has maintained a Negative outlook for the economy. In its latest review of the South

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