Namibia berates Moody's over basing downgrade on speculation
Contributed by NAMPA / Xinhua.
WINDHOEK, Aug. 13 (Xinhua) -- Namibia's President Hage Geingob has said Moody's should not have based its latest rating on the forthcoming ruling Swapo Party elective congress and the national elections scheduled for 2019.
Geingob said this when he addressed a closed door Swapo central committee meeting Saturday in Windhoek.
Swapo will hold its elective congress in December and already some members are jostling for positions.
Moody's downgraded Namibia's credit rating from Baa3- to Ba1 bu ...