AMI 27062022: Fitch downgrades Namibia to “BB-“
Africa Markets Podcast
English - June 27, 2022 05:49 - 1 minute - 1.45 MBNews Business Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Namibia: Fitch ratings agency has opted to downgrade Namibia’s sovereign rating from “BB” to “BB- “on account of worsening twin deficits relative to its peers. Fitch expects the budget deficit (% of GDP) to come in at 7.6% in 2022, wider than the average budget deficit of “BB” rated economies of 5.0%.
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