Moody’s Ratings downgraded Botswana’s long-term domestic- and foreign-currency issuer ratings to Baa1 from A3, maintaining a negative outlook. The downgrade reflects challenges in adjusting to a structural downturn in the diamond industry, which accounts for about 30% of GDP and 90% of goods exports, leading to economic contraction, weaker external buffers, and rising debt. Since April 2025, the global diamond slump has persisted, and the sector remains difficult to replace as an engine of growth and foreign exchange earnings. Moody’s expects the government to gradually implement coordinated policies, with debt peaking around 40% of GDP, though external and domestic risks remain. With government financial assets nearly depleted, Botswana is increasingly vulnerable to higher interest rates and further debt pressures.

Moody’s Cuts Botswana Ratings, Outlook Negative

S&P Global downgraded France’s ratings to ‘A+’ from ‘AA-’, citing concerns that budgetary consolidation will proceed more slowly than expected without significant additional deficit-reducing measures. Despite the downgrade, S&P revised France’s outlook to ‘stable’ from ‘negative’, reflecting a more balanced view of the country’s fiscal trajectory. The agency noted that rising government debt and weak political consensus on the pace of consolidation weigh on France’s credit profile. At the same time, France’s underlying credit strengths, including its economic size, institutional framework, and ability to manage debt, provide support. The downgrade signals that while France faces fiscal challenges, its overall financial stability remains intact. Investors may view the stable outlook as a sign that risks are contained in the near term.

S&P Lowers France’s Rating, Outlook Stable

In New York,  the Dow Jones Index gained 238 points or 0.52 percent on Friday. Gains were led by American Express (7.21%), Apple (2.04%) and Visa (1.95%). Biggest losers were Caterpillar (-2.48%), Goldman Sachs (-0.98%) and Salesforce (-0.87%).

The Dow Jones Index Closes 0.52% Higher

The Ibovespa rose 0.8% to close at 143,399 on Friday after a thaw in US–China trade rhetoric and a string of commodity and company-specific catalysts. President Trump’s comment that extreme tariffs were “not sustainable,” together with positive trade talks between Brazilian and US officials, reduced tariff tail risk, lifting miners and exporters. WEG led gains with a 4.9% jump, while Ambev, Banco do Brasil and Eletrobras advanced about 1.7%, 1.3% and 2% respectively. Energy names outperformed after ANP clearance to restart Peregrino sent PRIO higher and Petrobras traded firmer as oil held in the mid-$50s. Large banks pared earlier losses as stress at US regional lenders failed to spill over into Brazil, removing a liquidity overhang. Offsetting those positives are clear domestic constraints—most notably the IBC-Br’s tepid 0.4% print and unresolved fiscal questions around the IOF measure and the 2026 target—which keep the rally selective rather than broad based.

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最新ニュース

Moody’s Cuts Botswana Ratings, Outlook Negative

S&P Lowers France’s Rating, Outlook Stable

The Dow Jones Index Closes 0.52% Higher

Ibovespa Closes the Week Higher