Share

Moody’s downgrades Botswana’s ratings to A3, with stable outlook

Last week, Moody’s downgraded Botswana’s long-term local and foreign currency issuer ratings to A3 from A2 and changed the outlook to stable from negative. The ratings agency however, says that Botswana’s credit profile continues to be supported by robust fiscal metrics, in particular a low debt level and high debt affordability. Joining CNBC Africa to unpack the drivers of that downgrade and the outlook is Daniela Re Fraschini, an Analyst at Moody’s.

Fri, 30 Apr 2021 16:23:36 GMT
Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.