Namibia: Moody's Downgrades Namibia's Credit Ratings Outlook From Stable to Negative

International rating agency, Moody's Investors Service, has affirmed Namibia's long term foreign currency credit rating at Ba2 but changed the outlook on the rating to negative from stable.

Moody's said in a statement on its website that the negative outlook reflects the economic and financial pressures the coronavirus shock is exerting on Namibia's credit metrics, exacerbating existing vulnerabilities.

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