Rating Agency Sinks Namibia's Creditworthiness Further
Fitch Ratings has downgraded Namibia's creditworthiness again, lowering it to a notch below the previous rating. The agency attributed its decision to lower the country's creditworthiness rating to limping economic activities, a risk of rising external shocks from the prevailing drought, and an increasing potential liability burden from certain public entities.
236 jobs have been lost in the construction, wholesale and retail sectors from April to the end of June. The Namibia Statistics Agency's figures on Namibia's gross domestic ... Read more »
Although there was hope that Namibia would regain a positive investment grading, ratings agency Moody's has rated the Namibian government as speculative, reflecting that although ... Read more »
Two weeks after Finance Minister Calle Schlettwein delivered his mid-year budget review, Fitch Ratings has downgraded Namibia to junk status. Read more »
Moody's assessment comes despite government's recent assurances that the country's economy had stabilised and is on the road to recovery. The agency said the country appears unable ... Read more »