S&P revises Zambia to stable

S&P said it revised the outlook on the B long-term foreign and local currency sovereign ratings on the Republic of Zambia to stable from negative.

The B long-term and B short-term sovereign ratings were affirmed. The transfer and convertibility (T&C) assessment remains at B.

S&P said the stable outlook balances an improving macroeconomic picture against a number of negative rating pressures, including a wide fiscal imbalance and substantial debt stock.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.