Namibia: Schlettwein Speaks On Moody's Rating

12 December 2016

FINANCE minister Calle Schlettwein last Thursday responded to Namibia's credit rating opinion as issued by Moody's Investors Service on 2 December, admitting that the Namibian economy has never been in such a precarious situation before.

Moody's Investors Service, often referred to as Moody's, revised Namibia's credit risk outlook from stable to negative on that date, while affirming the country's long-term issuer and senior unsecured ratings.

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