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Fiji Time: 10:47 AM on Friday 25 April

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Positive outlook

Timoci Vula
Saturday, February 16, 2013

MOODY'S Investors Service has affirmed the B1 foreign and local currency long-term bond ratings for the Fijian government.

Its report released on Thursday, signed by Moody's vice president and senior analyst Christian de Guzman, stated that the ratings outlook had been changed to stable from negative.

"The key drivers for the decisions are improved fiscal and macroeconomic outcomes, and the demonstrated stability of the external payments position," Mr Guzman said.

He said the investors rating service also affirmed Fiji's long-term foreign currency (FC) bond and deposit ceiling at Ba3 and B2, respectively.