23 Sep 2020
Oil and gas sector: Covid-19 will affect oil and gas prices even in the medium to long term
While the oil and gas industry had already been weakened a few years ago by the steep decline in oil prices that had started mid-2014 and made prices ...
22 Sep 2020
Short-term political risk: Cyprus (North), El Salvador, Guatemala and Paraguay
In the framework of its regular review of short-term (ST) political risk classifications, Credendo has downgraded four countries (North Cyprus, El Salvador, Guatemala and Paraguay).
Cyprus (Turkish) (North)
17 Sep 2020
S&P Global Ratings published its rating update on Credendo – Single Risk
On 16 September 2020, S&P Global Ratings affirmed Credendo – Single Risk’s 'A-' rating and revised the outlook from negative to ...
15 Sep 2020
Credendo intends to merge all its speciality lines in one company
Credendo is pleased to announce the intended merger between its two specialised trade credit insurance entities, Credendo – Excess & Surety and ...
Philippines: Good economic fundamentals will help the country overcome its worst recession
The covid-19 domestic and external shock has led to the country’s worst recession.
15 Sep 2020
Montenegro: Legislative elections produce a political upset as President’s long-ruling party loses power
On 30 August, President Đukanović’s DPS party (the ‘Democratic Party of Socialists’) and its small allies lost power after ...
14 Sep 2020
Consumer electronics and ICT sector: Boost in sales driven by remote work and education unlikely to compensate manufacturing industry’s lost sales
The consumer electronics and ICT sector has been shaken by the covid-19 crisis. This crisis is unique because it was not prompted by ...
07 Sep 2020
Mali: Commercial and financial transactions blocked by ECOWAS sanctions over military coup
President Ibrahim Boubacar Keita (IBK) announced his resignation and the dissolution of the national assembly shortly after his arrest by ...
25 Aug 2020
Cambodia: EU partial suspension of trade privileges will harm an economy already hit hard by the covid-19 shock
On 12 August, the European Commission decided to partially suspend Cambodia’s EBA (Everything But Arms) trade privileges with the EU over ...