On 17 October 2025, Moody’s Investors Service (Moody’s) released an update on Botswana’s sovereign credit rating. The Rating Agency downgraded the country’s long-term local and foreign currency issuer ratings by one notch, from 'A3' to 'Baa1', while maintaining the outlook at negative. Despite the downgrade, Botswana’s rating remains within the investment-grade category, reflecting continued confidence in the country’s institutional strength and macroeconomic management framework.