Fitch revises Namibia’s outlook to negative

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Fitch revises Namibia’s outlook to negative

8:18 CAT | 06 Sep 2016

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Fitch Ratings has revised Namibia’s outlooks to negative from stable while affirming the long-term foreign and local currency issuer default ratings at ‘BBB-‘.

The issue ratings on Namibia’s senior unsecured foreign- and local currency bonds are also affirmed at ‘BBB-‘.

The country ceiling is affirmed at ‘BBB’ and the short-term foreign and local currency IDRs at ‘F3’.

Fitch has also revised the outlook on Namibia’s national rating on the South African scale to negative from stable and affirmed the long-term rating at ‘AA+(zaf)’.

The issue ratings on Namibia’s bonds with a national rating have been affirmed at ‘AA+(zaf)’.

Source: StockMarketWire.com