Tag
GDP Growth
5 articles
Emerging market economies demonstrate resilience despite varied headwinds, as reflected in recent sovereign credit rating actions. Rating agencies like S&P and Fitch have affirmed or even upgraded several nations, highlighting robust growth and improving fiscal positions in Kazakhstan and Malta. However, challenges persist; Armenia and Kenya face geopolitical risks and revenue shortfalls, respectively, while Poland contends with elevated deficits and debt levels. These developments underscore the diverse economic landscapes within emerging markets and the importance of external buffers and prudent fiscal management for sustained growth and creditworthiness.
S&P Affirms Armenia BB-/B Rating on Stronger Reserves
S&P Global Ratings affirmed Armenia's sovereign rating at BB-/B with a positive outlook, citing stronger foreign currency reserves.
Armenia's foreign currency reserves rose about 40% YoY to a record $
Kenya Sovereign Rating affirmed B/B by S&P
S&P Global Ratings affirmed Kenya's sovereign rating at B/B with stable outlook despite Middle East conflict pressures.
S&P projects fiscal deficit of 7.1% of GDP for FY2027, above the government's 5.
Fitch Affirms Poland A- Rating, 6.9% Deficit
Fitch reaffirmed Poland’s long‑term sovereign rating at A‑ with a Negative Outlook, citing persistent fiscal deficits and debt.
The 2026 general government deficit is projected at 6.9% of GDP, double
Kazakhstan Rating Upgraded to BBB by S&P
S&P raised Kazakhstan's long- and short-term sovereign ratings to BBB/A-2 from BBB-/A-3, with a stable outlook.
Preliminary data show Kazakhstan's GDP grew 4.1% in H1 2026 despite Q1 oil export disrup
Fitch Affirms Malta A+ Rating on Growth
Fitch affirmed Malta's long‑term sovereign rating at A+ with a stable outlook, citing robust growth and high per‑capita income.
Fitch projects real GDP growth just under 4% in 2026‑27 after 4% expansi