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Tag: moody

MOODY’S AFFIRMS THE “A2” SOVEREIGN CREDIT RATING AND CHANGES THE OUTLOOK ON BOTSWANA’S RATING FROM STABLE TO NEGATIVE

MOODY’S AFFIRMS THE “A2” SOVEREIGN CREDIT RATING AND CHANGES THE OUTLOOK ON BOTSWANA’S RATING FROM STABLE TO NEGATIVE

Moody’s Investors Service (Moody’s), in the latest out-of-calendar review of the credit ratings, affirmed Botswana’s rating of ‘A2’ for long-term bonds denominated in both domestic and foreign currency, and changed the outlook from stable to negative. According to Moody’s, this update to the recent March 2020 rating, on a date that deviates from the previously published sovereign release calendar, is prompted by the risks associated with coronavirus shocks, given Botswana’s strong dependency on the diamonds industry for growth, exports and budget revenues. The revision of the outlook ...

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