On 18th December 2020, the sovereign credit rating of the small island country of Seychelles was downgraded

Fantastic news! We've Found the answer you've been seeking!

Question:

On 18th December 2020, the sovereign credit rating of the small island country of Seychelles was downgraded one level by ratings agency Fitch. Briefly explain the intuition behind this action.

What is likely to happen to the bond yields of the Seychelles government?

Related Book For answer-question

International Business

ISBN: 9781292274157

8th Edition

Authors: Simon Collinson, Rajneesh Narula, Alan M. Rugman

See More Books

Posted Date: Jul 04, 2023 01:30 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Harvold Company's quality cost report is to be based on the following data: Test and inspection of incoming materials. $71,000 Supplies used in testing and inspection . Re-entering data because of...
Why is having multiple health-care plans important for FedEx in slowing down increases in the cost of benefits?
Governments come and go, each promising to deliver change and reforms to improve the economy and society. But government policy and strategy are filtered through and buffered by a civil service and...
Why is an ethical culture considered necessary for fraud prevention and deterrence?
WVTU is a television station that has 20 thirty-second advertising slots during its regularly scheduled programming each evening. The station is now selling advertising for the first few days in...
A spherical beach pebble is completely submerged under sea water of mass density (not weight density!) 1041 kg/m3. The water exerts an upward buoyant force of magnitude 181 N on the pebble. What is...
McGuire decides to start slow with a project testing the increased automation of their horse feed line. Below are the projected cost of the expansion in automation, given a 5 year useful life of the...
Which industry has the highest percentage of fixed assets to total assets? A) Software B) Food retail. C) Heavy industry . D) Merchandise retail.
Why does an annuity due always have a higher future value than an ordinary annuity?
What is a yield curve, and what information would you need to draw this curve?
Which of the following is false with respect to ADA as a substantive test? a. the auditor can test the entire population. b. the test may detect a material misstatement. c. the five-step process to...
Which of the following is true when evaluating results of an ADA procedure and drawing conclusions? a. further testing should not be required for ADAs in order to interpret results. b. results should...
Explain the meaning of the following terms and discuss why they are important in investing: a. Asset allocation b. Dollar cost averaging c. Investment risk d. Mutual funds
Part A The equilibrium constant for the production of carbon dioxide from carbon monoxide and oxygen is K, -2x 10" This means that the reaction modure at equilibrum is likely to consist o O an equal...
QUESTION 9 HC-O-C-R R-C-O-CH HC-O-P-O-CH-CH-NH3* O || O a. Phosphatidic acid, Serine O b. Lysophosphatidic acid, Serine, Free FA O c. Lysophosphatidylserine, Free FA O d. 2 Free FAs, Serine, Glycerol...
In the two decades to 2017, Chinas share of global merchandise exports almost tripled, rising from 4.7 per cent to 12.8 per cent. However, this trend did not reflect Chinas exports of rare earth...
With free trade areas evolving around the globe, many protected industries are now facing unwelcome competition. Free trade agreements generally include a principle of national treatment under which...
When thinking of Sony one typically thinks of the Walkman and music players, televisions and other home entertainment products including the Playstation; however over recent years the nature of many...
OMalley Corporation was incorporated and began business on January 1, 2015. It has been successful and now requires a bank loan for additional working capital to finance expansion. The bank has...
Presented below is information related to Viel Company at December 31, 2015, the end of its first year of operations. (a) income from operations, (b) net income, (c) net income attributable to Viel...
Financial Reporting Problem Marks and Spencer plc (M&S) The financial statements of M&S (GBR) are presented in Appendix A. The companys complete annual report, including the notes to the financial...

On 18th December 2020, the sovereign credit rating of the small island country of Seychelles was downgraded

Question:

Expert Answer:

The downgrading of Seychelles sovereign credit rating by Fitch on 18th December 2020 suggests that F... View the full answer

International Business

Students also viewed these finance questions