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 ...