On 13 March 2026, S&P Global Ratings (S&P) released an update on Botswana’s sovereign credit rating, downgrading the country’s long-term foreign and local currency ratings from 'BBB' to 'BBB-'. Similarly, the short-term ratings for both foreign and domestic currency debt were lowered from 'A-2' to 'A-3', while the outlook remains negative.
See the Report attached.