Sovereign Analysis /
Ethiopia

Ethiopia: Downgrade to Sell as conflict and economy worsen

  • Conflict has spread and shows no sign of slowing, threatening the stability of the government and region itself

  • IMF programme expires in a month if official restructuring talks aren’t resolved, but process seems stuck in the mud

  • Economic indicators flashing red, and outlook likely to get worse before it gets better; downgrade Ethiopia 24s to Sell

Ethiopia: Downgrade to Sell as conflict and economy worsen
Patrick Curran
Tellimer Research
19 August 2021
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