Moody’s affirms Namibia's Ba1 ratings, maintains negative outlook

Contributed by NAMPA.

WINDHOEK, 10 OCT (NAMPA) – Moody's Investors Service has affirmed the Ba1 long-term issuer and senior unsecured ratings of Namibia, maintaining a negative outlook.

The affirmation of the Ba1 rating was announced on its website on Saturday.

The Ba1 reflects Namibia's gradually improving medium-term growth prospects and moderate wealth levels that support the economy's shock absorption capacity.

“The decision to maintain the negative outlook reflects Moody's concern that ...