| 12/1/2025 | DDEM | Fitch upgrades Zambia to B-
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| 11/21/2025 | DDEM | S&P upgrades Zambia
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| 9/22/2025 | DDEMGN | Fitch puts 25 sovereigns on criteria observation
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| 4/11/2025 | DDEM | Moody’s eyes Zambia positively
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| 6/17/2024 | DDEM | S&P assigns CCC+ to Zambia bonds
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| 6/14/2024 | DDEMLM | Zambia settles exchange, sets up timeline for remainder of notes
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| 6/14/2024 | DDEM | Moody's hikes Zambia
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| 6/10/2024 | DDEM | Fitch rates Zambia bonds CCC+
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| 6/4/2024 | DDEMLM | Zambia receives consents from holders of 2022, 2024, 2027 notes
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| 5/28/2024 | EMLM | Zambia expects to get consents from holders of 2022, 2024, 2027 notes
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| 3/25/2024 | DDEMLM | Zambia reaches debt-restructuring agreement with bondholder committee
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| 12/4/2023 | DDEM | Fitch ups Zambia local currency rating
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| 11/20/2023 | DDEM | Zambia bondholder, creditor committees hit restructuring impasse
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| 10/26/2023 | DDEM | Zambia bondholders reach agreement to restructure three series of bonds
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| 8/10/2023 | DDEM | Moody’s ups Zambia local-currency rating
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| 12/6/2022 | DDEM | Fitch removes Zambia from observation
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| 11/16/2022 | EM | Zambia provides data for creditors for upcoming debt restructuring
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| 7/14/2022 | EM | Fitch observes CCC nations
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| 2/18/2022 | DDEM | S&P hikes Zambia local currency rating
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| 4/12/2021 | DDEM | Fitch ups Zambia local rating
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| 11/18/2020 | DDEM | Fitch lowers Zambia
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| 11/13/2020 | DDEMLM | Zambia fails to pass extraordinary resolutions for three note series
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| 10/21/2020 | DDEM | S&P trims Zambia
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| 10/20/2020 | DDEMLM | Zambia adjourns meetings for three series of notes to November
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| 10/13/2020 | DDEMLM | Zambia responds to creditors over plan to suspend debt service
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| 10/2/2020 | BWEM | Market Commentary: Emerging Markets: Taiwan Semiconductor, Temasek, Egypt, AngloGold price; Atento cancels notes
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| 9/25/2020 | DDEM | S&P cuts Zambia
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| 9/25/2020 | BWEM | Market Commentary: Emerging Markets: Dominican Republic, Panama, Morocco sell bonds; ChemChina, Cemex price
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| 9/24/2020 | EM | Fitch downgrades Zambia
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| 9/22/2020 | DDEMLM | Zambia seeks to defer interest payments for $3 billion of notes
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| 4/16/2020 | DDEM | Fitch lowers Zambia
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| 4/6/2020 | DDEM | Moody’s cuts Zambia to Ca
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| 2/21/2020 | DDEM | S&P trims Zambia
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| 8/23/2019 | DDEM | S&P drops Zambia rating
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| 5/23/2019 | EM | Moody's downgrades Zambia
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| 2/22/2019 | EM | S&P revises view on Zambia
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| 10/11/2018 | EM | Fitch downgrades Zambia
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| 8/24/2018 | EM | S&P downgrades Zambia
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| 7/27/2018 | EM | Moody’s downgrades Zambia
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| 5/16/2018 | EM | Market Commentary: New South Africa edges up on break; Argentina bonds outperform; market eyes Pemex issues
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| 1/26/2018 | EM | Moody’s revises Zambia to stable
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| 8/25/2017 | EM | S&P revises Zambia to stable
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| 8/14/2017 | HYIG | Market Commentary: Islamic Development eyes $1 billion sukuk; Jamaica to reopen notes; Namibia underperforms
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| 8/14/2017 | EM | Market Commentary: Islamic Development eyes $1 billion sukuk; Jamaica to reopen notes; Namibia underperforms
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| 8/14/2017 | EM | Market Commentary: Morning Commentary: Islamic Development Bank eyes deal; Zambia improves 20-30 bps; Namibia widens
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| 4/21/2017 | EM | Market Commentary: Isbank, PTA price notes; roadshows ending for next week’s deals; South Africa bonds better
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| 2/24/2017 | HYIG | Market Commentary: Slovakia, MAF, Oman, Bank of Sharjah ahead; Nigeria, Angola, others perform; Ukraine lags
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| 2/24/2017 | EM | Market Commentary: Slovakia, MAF, Oman, Bank of Sharjah ahead; Nigeria, Angola, others perform; Ukraine lags
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| 2/3/2017 | HYIG | Market Commentary: Solid week for EM; Turkey, Zambia outperform; El Salvador, Ghana underperform; DIB picks banks
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| 2/3/2017 | EM | Market Commentary: Solid week for EM; Turkey, Zambia outperform; El Salvador, Ghana underperform; DIB picks banks
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| 1/31/2017 | EM | Market Commentary: Stoneway Capital, Polyus Gold advance new deals; Greece, South Africa, Turkey in focus
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| 8/19/2016 | EM | Market Commentary: Oil prices boost EM; Ukraine, Russia crisis continues; Lat-Am spreads narrow; NBAD plans notes
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| 8/11/2016 | EM | Market Commentary: Jamaica, CCB sell notes; Lat-Am widens, then tightens; Islamic perpetuals lag; HNA ahead
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| 4/19/2016 | EM | Moody’s downgrades Zambia to B3
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| 3/18/2016 | EM | S&P revises Zambia to negative
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| 3/4/2016 | EM | Market Commentary: Morning Commentary: Emerging markets open stronger on U.S. jobs report; Asian, Turkish notes active
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| 2/24/2016 | EM | Fitch: Zambia view to negative
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| 12/31/2015 | EM | Outlook 2016: EM underperforms again; China, Russia, Turkey, Brazil eyed; Ukraine improves
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| 12/31/2015 | EM | Market Commentary: Outlook 2016: Wider spreads, modest returns for EM in new year; deals likely from Kuwait, Qatar
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| 9/28/2015 | EM | Market Commentary: Pakistan’s notes perform, other EM bonds suffer; sellers outpace buyers; sentiment weakens
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| 9/28/2015 | EM | Market Commentary: Morning Commentary: Sellers seen for Lat-Am names; Pakistan outperforms; Zambia gets upgrade
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| 9/25/2015 | EM | Moody's downgrades Zambia
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| 9/25/2015 | EM | S&P affirms Zambia
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| 8/24/2015 | EM | Fitch affirms Zambia at B
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| 7/30/2015 | EM | S&P rates Zambia eurobond B
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| 7/23/2015 | HYIG | Market Commentary: Primary hosts deals from Jamaica, Zambia, Ardshinbank; commodities weaken, EM spreads widen
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| 7/23/2015 | EM | Market Commentary: Primary hosts deals from Jamaica, Zambia, Ardshinbank; commodities weaken, EM spreads widen
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| 7/23/2015 | EM | New Issue: Zambia prices $1.25 billion 8.97% notes due July 2027 to yield 9 3/8%
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| 7/23/2015 | EM | Zambia talks up to $2 billion notes due July 2027 at 9˝% area
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| 7/22/2015 | EM | Market Commentary: Bank of Communications, India’s Adani Ports bring new deals; EM investors still risk-averse
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| 7/22/2015 | EM | Zambia to price dollar amortizing notes due 2027 on Thursday
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| 7/14/2015 | HYIG | Market Commentary: Korea Gas, Shanghai Construction, Ping An sell notes; Zambia sets roadshow; Lat-Am quiet
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| 7/14/2015 | EM | Market Commentary: Korea Gas, Shanghai Construction, Ping An sell notes; Zambia sets roadshow; Lat-Am quiet
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| 7/14/2015 | EM | Zambia sets roadshow for dollar-denominated notes offering
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| 7/1/2015 | EM | S&P downgrades Zambia
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| 6/17/2015 | HYIG | Market Commentary: EM tone improves; China Great Wall outperforms; Eesti Energia eyes notes; roadshows ahead
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| 6/17/2015 | EM | Market Commentary: EM tone improves; China Great Wall outperforms; Eesti Energia eyes notes; roadshows ahead
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| 5/29/2015 | EM | Moody's changes Zambia outlook to negative
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| 3/16/2015 | EM | Fitch changes Zambia to stable
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| 9/19/2014 | EM | Fitch: Zambia outlook to positive
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| 5/29/2014 | EM | Market Commentary: Primary sees Swiber, Syndicate Bank, Icici Bank; Russian bonds in demand; Zambia lags
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| 4/15/2014 | EM | S&P assigns B+ to Zambia bond
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| 4/15/2014 | EM | Market Commentary: Primary hosts ICBC, MIE Holdings, Finansbank, Romania; Ukraine, Russia tension continues
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| 4/8/2014 | EM | New Issue: Zambia sells $1 billion 81/2% notes due 2024 at 99.174 to yield 8 5/8%
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| 4/8/2014 | EM | Market Commentary: Primary hosts Turkey, Pakistan, Oil India, Gulf Keystone; Turkish, Russian bonds shine
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| 4/7/2014 | EM | Market Commentary: Brazil's BNDES, Sri Lanka tap primary market; Russian bonds weaken; LatAm notes tighten
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| 4/7/2014 | EM | Zambia sets talk for 10-year dollar benchmark notes at 83/4%-8 7/8%
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| 3/25/2014 | EM | Zambia plans roadshow for dollar benchmark notes
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| 3/25/2014 | EM | Market Commentary: Russian bonds move up; demand for Africa; roadshows for Los Portales, Zambia, Agromercantil
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| 3/19/2014 | EM | Market Commentary: Banco do Brasil, IDBI Bank print notes; Fed remarks lead to risk aversion; Maoye cancels deal
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| 3/5/2014 | EM | Market Commentary: Ghana, Nigeria greet buyers; Ukraine's picture improves; ambassadors leave Qatar
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| 2/11/2014 | EM | Market Commentary: Kexim approaches primary market again; bonds from Turkey, Dubai, Kuwait, Nigeria fare well
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| 2/10/2014 | EM | Market Commentary: B Communications, Agile Property, Beijing Capital, Nostrum, African Bank tap primary
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| 1/22/2014 | EM | Market Commentary: Primary market sees deals from Turkey, Israel, Midas; Ukraine bonds widen amid clashes
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| 1/13/2014 | EM | Market Commentary: BNDES, Bharti Airtel, Peking University Group, KDB print issues; Gazprombank catches a bid
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| 10/28/2013 | EM | Fitch downgrades Zambia to B
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| 4/24/2013 | EM | Market Commentary: Big issue from Kazakhstan's KMG; EM trading busy; tighter spreads; new Uralkali notes up
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| 3/12/2013 | EM | Market Commentary: ADB, Emirates, Severstal, Honduras sell notes; spreads 'mixed;' Dubai Islamic Bank on deck
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| 3/11/2013 | EM | Market Commentary: Wheelock sells bonds; questions emerge about Honduras deal; Emirates airline sets talk
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| 3/7/2013 | EM | Market Commentary: Chilean issuers, China Vanke sell notes; spreads mixed; more sellers than buyers for EM
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| 3/6/2013 | EM | Market Commentary: Azerbaijan's Socar, Philippines' Petron price; EM trading 'very active'; spreads tighten
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| 2/15/2013 | EM | Market Commentary: Serbia, Promsvyazbank do deals; spreads widen before holiday; Russian issues get attention
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| 2/14/2013 | EM | Market Commentary: VEB, Romania sell notes; better buyers seen for Qatar; price whispers from Coca-Cola Femsa
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| 2/11/2013 | EM | Market Commentary: Russia's NLMK prices on quieter session for EM; ADCB, RenCredit, Bank of India deals ahead
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| 2/7/2013 | EM | Market Commentary: Chile's Banco de Credito and Guatemala sell notes; recent Russian issues trade up
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| 2/5/2013 | EM | Market Commentary: Chile's SMU sells notes; EM spreads tighten; Ukraine bonds under selling pressure
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| 2/1/2013 | EM | Market Commentary: Russia's AHML, Turkey's Bankpozitif, Mexico's Grupo Cementos sell notes; mixed day for EM
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| 1/31/2013 | EM | Market Commentary: Emirates Airline prints notes; more sellers than buyers of EM assets; spreads mixed
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| 1/30/2013 | EM | Market Commentary: EM investors sell as Gazprom, Petron, MIE, New World China, Huaneng Power print new deals
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| 1/29/2013 | EM | Market Commentary: Russian Agricultural Bank, KWG, Halkbank, JBS, Hana Bank sell notes; EM spreads widen
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| 1/22/2013 | EM | Market Commentary: Dubai prints $1.25 billion bonds; Asian issuers busy with new deals; two-way flows noted
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| 1/9/2013 | EM | Market Commentary: CSI Properties, Hysan Development sell bonds; deals from Hopson, Indika, Lithuania on deck
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| 1/8/2013 | EM | Market Commentary: Poland, Turkey price bonds in firm, slightly wider session for EM; African bonds in demand
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| 1/7/2013 | EM | Market Commentary: Shimao, Sun Hung Kai, Exim Bank of India, Lippo Karawaci price notes; Dubai bonds popular
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| 1/4/2013 | EM | Market Commentary: Colombia's ETB plans notes as spreads, prices weaken a bit; Zambia stands out in trading
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| 1/3/2013 | EM | Market Commentary: 'Feeding frenzy' for EM bonds; VEB, Finansbank, ADIB stand out; CorpBanca plans notes
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| 12/19/2012 | EM | Market Commentary: EM investors have the holiday spirit; Russian corporates outperform; Latvia plans notes
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| 12/12/2012 | EM | Market Commentary: Qtel's deal active in trading; Union National Bank, FAGE print notes; EM spreads tighten
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| 11/27/2012 | EM | Market Commentary: IPIC, China Development do multi-tranche deals; Greece on market's mind; spreads tighten
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| 11/21/2012 | EM | Market Commentary: Poland's Ciech prices; spreads mostly unchanged; Ukraine gets attention; Mongolia ahead
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| 11/7/2012 | EM | Moody's rates Zambia B1
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| 11/7/2012 | EM | Market Commentary: QNB, COLI, Latin American Airports, Russian Standard do deals; trading 'choppy' but active
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| 11/5/2012 | EM | Market Commentary: Brazil's USJ, Kazakhstan's Zhaikmunai sell bonds ahead of U.S. election, key Greek vote
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| 10/12/2012 | EM | Market Commentary: Brazil's OAS prints bonds; Latin American corporates stand out in trading; inflows rise
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| 10/5/2012 | EM | Market Commentary: Cemex, VTB join list of new EM deals getting action on shorter, busy Friday for EM assets
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| 9/28/2012 | EM | Market Commentary: Agrokor, Global Bank, Eurasian Development sell notes as week ends on firmer, careful note
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| 9/26/2012 | EM | Market Commentary: Industrial Bank of Korea prices; investor sentiment dampens, market 'limps' into October
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| 9/25/2012 | EM | Market Commentary: Korea's Doosan Infracore, China's Citic print notes on mixed but stable day for EM assets
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| 9/24/2012 | EM | Market Commentary: Petrobras does sizable deal; India's NTPC prints bonds; Croatia's Agrokor on roadshow
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| 9/20/2012 | EM | Market Commentary: Korea Exchange, Colombia Telecom, Fantasia, Citic do deals on active but weaker day for EM
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| 9/19/2012 | EM | Market Commentary: MOL, Ukraine, PKO Bank, Novolipetsk, Alfa Bank print deals; Grupo Aval, Fantasia on deck
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| 9/18/2012 | EM | Market Commentary: Turkey prices sukuk; Gazprombank, CAF, Bangkok Bank do deals; EM spreads widen a touch
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| 9/17/2012 | EM | Market Commentary: Zambia deal deemed a major success; IDBI Bank, Sun Hung Kai, Korea Finance sell bonds
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| 9/14/2012 | EM | New Issue: Zambia prices $750 million 5 3/8% 10-year notes to yield 5 5/8%
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| 9/14/2012 | EM | Market Commentary: Icici Bank, Banco do Brasil price notes; Zambia sees strong demand; more supply on horizon
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| 9/13/2012 | EM | S&P rates Zambia bond B+
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| 9/12/2012 | EM | Fitch rates Zambia eurobond B+
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| 9/7/2012 | HYIG | Turkey's GarantiBank new notes trade up; Dubai's DEWA outperforms; bond fund inflows rise
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| 9/7/2012 | EM | Market Commentary: Turkey's GarantiBank new notes trade up; Dubai's DEWA outperforms; bond fund inflows rise
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| 9/6/2012 | EM | Market Commentary: Turkey's GarantiBank, Brazil's Banco Santander print notes; ECB's plan sparks optimism
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| 9/4/2012 | EM | Zambia plans roadshow for dollar-denominated notes due 2022
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| 9/4/2012 | EM | Market Commentary: Romania, Vale, Bancolombia, Singapore corporates price deals as primary market wakes up
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| 6/1/2012 | EM | Zambia taps bookrunners ahead of planned $500 million 10-year deal
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| 6/1/2012 | EM | Market Commentary: Brasil Foods prices; risk sentiment 'fragile'; EM bonds 'resilient;' Jafza sets roadshow
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| 3/30/2012 | EM | S&P affirms Zambia ratings
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| 3/1/2012 | EM | Fitch: Zambia view to negative
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| 12/30/2011 | EM | Outlook 2012: EM deal pipeline will open slowly in 2012 amid global economic, political turmoil
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| 12/20/2011 | EM | Market Commentary: Emerging markets assets finish session stronger; demand sighted for IPIC, TAQA securities
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| 10/4/2011 | EM | S&P affirms Zambia
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| 3/23/2011 | EM | Market Commentary: KWG Property, Invitel sell notes; market headlines offer mixed picture for investors
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| 3/23/2011 | EM | Zambia plans to sell dollar-denominated notes before year-end
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| 3/2/2011 | EM | Fitch assigns Zambia B+
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| 6/7/2010 | EM | Market Commentary: Hungary concerns continue to hamper bond trading, issuance; African names may bring deals
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| 6/7/2010 | EM | Zambia planning up to $1 billion bond offering this year
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| 9/21/2007 | EM | Market Commentary: Emerging markets ends week strong; skepticism about future remains; primary produces new issues
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| 5/12/2005 | EM | Paris Club reduces Zambia's outstanding debt by $1.796 billion
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| 6/16/2004 | EM | IMF approves $320 million relief package to Zambia
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