Moody's Lowers Botswana's Economic Outlook To Negative

The downgrade, which comes just a week after another ratings agency Standards and Poors lowered Botswana's credit rating, reflects the continued strain on the country's finances imposed by the global economic crisis.

However, despite the change in the outlook, Moody's say Botswana sovereign credit rating remains unchanged at A2 for both local and foreign currency government bonds. "The rating is unchanged at A2 for both local and foreign currency government bonds. "However, the outlook has changed from 'Stable' to 'Negative', and this reflects the continued strain on the country's finances imposed by the global economic crisis.