An increase in Seychelles’ external debt has resulted in the island nation’s credit rating being downgraded from ‘B+’ to a ‘B’ with a stable outlook this year on the Fitch Ratings released last week. The Fitch ‘B’ ratings indicate that while financial commitments are currently being met, the capacity for continued payment is vulnerable to … Continue reading Seychelles' credit rating downgraded due to economic pressures from pandemic