Fitch Downgrades Ethiopia to 'CCC-'; Removes From UCO
![](/images/news/east/flag-ethiopia.jpg)
Fitch Ratings has downgraded Ethiopia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC-' from 'CCC'. Fitch typically does not assign Outlooks to sovereigns with a rating of 'CCC' or below. Fitch has removed the Long-Term IDRs from Under Criteria Observation (UCO).