Moody’s upgrades Zambia
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Caa1 rating reflects progress in debt restructuring, fiscal consolidation – Govt
CHOMBA MUSIKA
Lusaka
GOVERNMENT says Moody’s Ratings’ upgrade of the country’s sovereign credit rating from Caa2 to Caa1 is another step in the country’s recovery from the debt distress that culminated in its 2020 default.
The Ministry of Finance and National Planning said the upgrade, announced on October 30 this year, reflected sustained improvements in Zambia’s debt trajectory following the debt distress that c
CHOMBA MUSIKA
Lusaka
GOVERNMENT says Moody’s Ratings’ upgrade of the country’s sovereign credit rating from Caa2 to Caa1 is another step in the country’s recovery from the debt distress that culminated in its 2020 default.
The Ministry of Finance and National Planning said the upgrade, announced on October 30 this year, reflected sustained improvements in Zambia’s debt trajectory following the debt distress that c
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