VOL. XLVII

No 04

26-January-2004

RATINGS

CI Raises Yemens Sovereign Rating

Capital Intelligence (CI) announced on 19 January that it has raised Yemen's long-term foreign currency rating to B- from C and its short-term foreign currency rating to B from C. It also assigned long- and short-term local currency rating of B to the sovereign. The outlook is stable. The upgrade reflects strong improvements in external solvency, international liquidity, and government debt ratios, said CI. Public external...