Moody’s affirms Namibia's Ba1 ratings, maintains negative outlook
Written by Anna Salkeus on 10 December 2018.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 the government will not be able to ...