Namibia: Fitch Maintains Our BBB - Rating but the Outlook Slips From Positive to Stable

analysis

The severe criticism against ratings agencies, following the 2007/08 international financial meltdown, has certainly lead to substantial improvement in their work. This is most notable in their latest sovereign rating for Namibia, released less than a month ago.

I would not describe earlier Fitch ratings as inadequate, but the latest one is over-the-top. It is the most comprehensive overview and summary of our economy, and related political issues, that I have seen in many years. I think it is safe to state it is indeed a sound analysis.

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