June 29, 2020 / 7:43 AM / 6 days ago

BRIEF-Moody's Says Changes Fiji's Outlook To Negative From Stable, Affirms Ba3 Rating

June 29 (Reuters) - Moody’s:

* MOODY’S CHANGES FIJI’S OUTLOOK TO NEGATIVE FROM STABLE, AFFIRMS BA3 RATING

* MOODY’S SAYS CHANGE IN FIJI OUTLOOK DRIVEN BY RISK THAT GOVERNMENT IS UNABLE TO REVERSE LARGE INCREASE IN DEBT BURDEN & WEAKENING IN DEBT AFFORDABILITY

* MOODY'S SAYS THERE HAS BEEN SIGNIFICANT SHOCK TO FIJI'S TOURISM SECTOR DUE TO GLOBAL CORONAVIRUS OUTBREAK Source: bit.ly/3ieqE5q

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