Wednesday, 31 December 2008

Zambia to get S&P rating

Zambia will get its first credit rating from Standard & Poors in 2009. A sovereign rating is long overdue. Zambia could possibly get a B/B+ credit. It has had good economic growth, modest budget deficits and now has low debt. Its political history, with its Presidential elections and volatile exchange rate will probably work against it.

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