Botswana creditworthiness upheld

This followed a review that took account of the commodity price shock and impact on the country’s economic and fiscal strength.

“Moody’s noted that the current economic and fiscal challenges, emanating from the external environment, are appropriately captured by the A2 rating.  “The rating is underpinned by Botswana’s continued fiscal resilience, which is supported by the current level of foreign exchange reserves, relatively low public debt and a track record of prudent rule-based fiscal policy, as well as a strong institutional framework,” stated the ratings agency.