Credit rating upgrade unlikely – Moody’s

Rating agency Moody’s says an upgrade to Namibia’s credit rating in the near term is unlikely.

Government, Moody’s in crunch talks

The Government and officials from Moody’s Investors Service this week held talks on Namibia’s credit rating during which,
Namibia is now more vulnerable to external shocks than before, due to limited monetary and fiscal policy space, an analysis of the economy by IJG Securities has revealed.
Moody’s Investors Service (Moody’s) is concerned about the possibility of further fiscal slippage, following a sizeable N$6,3 billion shortfall in total revenue in the 2016/17 financial year and the adverse effects this could have on the government’s debt-servicing costs.

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The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

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