Mon, 29 Jan 2018 12:53:52 +0000 MOODY’S Investors Service has, Friday, January 26, 2018, upgraded the rating outlook for Zambia to stable from negative. According to a rating action statement issued in London by Moody’s, the stable outlook reflects reduced government liquidity pressures and a slowdown in government debt accumulation. On 24 January 2018, a Moody’s rating committee was called to discuss the rating of the Government of Zambia. The main points raised during the discussion were that, Zambia’s. Fiscal or financial strength, including its debt profile, has materially decreased; Susceptibility to event risks has not materially changed; and, Economic fundamentals, including its economic strength, have materially increased. Moody’s indicated that the affirmed B3 long-term issuer rating, balances a strong growth potential boosted by ample natural resources and a young and growing population against continuing credit challenges which include a moderate debt burden, though with a very high share denominated in foreign currency, low debt […]
