Middle East & Africa
Angola / Economy
We believe the authorities will be able to hold the Angolan kwanza steady at AOA90.00/US$ over the coming months, even if the rapid expansion of domestic credit will keep the exchange rate under downside pressure.
2010-03-11Economy
Our last Sovereign Risk Ratings (SRR) update came against a turbulent moment in Middle Eastern debt markets: we went to print on December 7 2009, two weeks after Dubai World (DW)...
2010-03-11Libya / Political Risk
We have been following recent developments in Libya with growing concern. Libyan Leader Muammar Qadhafi has ratcheted up his rhetoric against the West amid an ongoing row with Switzerland,...
2010-03-09Analysis On Fixed Income, Fx & Equity Markets
Angola
We believe the authorities will be able to hold the Angolan kwanza steady at AOA90.00/US$ over the coming months, even if the rapid expansion of domestic credit will keep the exchange...
2010-03-11Libya
We have been following recent developments in Libya with growing concern. Libyan Leader Muammar Qadhafi has ratcheted up his rhetoric against the West amid an ongoing row with Switzerland,...
2010-03-09United Arab Emirates
The Dubai Financial Market General Index (DFGMI) may have rallied over the past few days in anticipation of the US$22bn debt restructuring deal that Dubai World is expected to...
2010-03-09Kuwait
BMI View: A successful restructuring of Investment Dar's defaulted US$100mn sukuk will reduce some of the uncertainty and jitters in Kuwait's lending markets, but the company has...
2010-03-08Our last Sovereign Risk Ratings (SRR) update came against a turbulent moment in Middle Eastern debt markets: we went to print on December 7 2009, two weeks after Dubai World (DW)...
2010-03-11As we move towards the close of 2009, we have rolled over our Sovereign Risk Ratings, so that they now reflect our forecasts and outlook for 2010. This has broadly resulted in upward...
2009-12-03The latest quarterly update of our Sovereign Risk Ratings (SRR) has seen an across-the-board improvement in creditworthiness for all of the 19 Sub-Saharan African countries we rate....
2009-11-05BMI View: While sub-Saharan Africa (SSA)'s Sovereign Risk Ratings have seen modest increases over the past quarter, further improvement in sovereign credit profiles will be slow and...
2009-09-03South Africa
The South African rand continues to range trade, with key resistance at ZAR7.20/US$ and key support at ZAR7.60/US$ unlikely to be tested over the near term. Indeed, the currency has...
2010-01-20Kenya
Having weakened in the final two weeks of 2009 due to local seasonal forex demands, the Kenyan shilling has begun to edge higher early in 2010. However, given that the shilling has...
2010-01-14Tanzania
The Tanzanian shilling remains rangebound, having traded between TZS1,345/US$ and TZS1,280/US$ since February 2009. The bounds of this range represent key technical levels, with a...
2009-12-03Uganda
In line with the improving state of macroeconomic fundamentals in Uganda and a rise in global risk appetite, the shilling has been strengthening continuously since July 2009. We turned...
2009-11-10
