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Moody’s clashes with UN over G20 debt-relief efforts

Rating agency says debt suspension scheme raises risks of losses for private creditors

Moody’s has clashed with the UN after putting five countries on review for a downgrade in recent weeks, saying that a G20-backed debt suspension scheme poses risks to private creditors. The rating agency took action against Ethiopia, Pakistan, Cameroon, Senegal and the Ivory Coast, after the countries opted into a G20-backed initiative that allows them…

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