Moody’s has Downgraded Botswana’s Sovereign Credit Rating from ‘A2’ to ‘A3’, and Changed the Outlook on Botswana’s Rating from Negative to Stable.

Moody’s Investors Service (Moody’s) has released the results of the review of the 2021 sovereign credit rating for Botswana. Moody’s has downgraded the country’s sovereign credit rating for long-term bonds, denominated in both domestic and foreign currency, from ‘A2’ to ‘A3’. However, the agency changed the outlook from negative to stable.