S&P Upgrades Zambia’s Credit Rating: What You Must Know

Zambia : Zambia Exits Debt Default as S&P Upgrades Credit Rating

Zambia has officially moved out of external debt default after S&P Global Ratings upgraded the country’s long- and short-term foreign currency sovereign credit ratings to ‘CCC+/C’ from ‘SD/SD’, with a stable outlook. The announcement marks a major milestone in the country’s economic recovery efforts. S&P Global Ratings, a leading international credit assessment agency, evaluates the […]

S&P Upgrades Zambia’s Credit Rating: What You Must Know

 EXPLAINER | S&P Upgrades Zambia’s Credit Rating: What You Must Know S&P Global Ratings has moved Zambia out of default for the first time in four years, upgrading the sovereign to CCC+ / C with a stable outlook. The decision formally closes a painful chapter that began in 2020 when Zambia became the first […] The post S&P Upgrades Zambia’s Credit Rating: What You Must Know first appeared on The Zambian Observer.