Fiscal authorities brace for credit ratings’ decisions
Friday, September 11, 2026 | 70 Views |
Decision time: The Finance Ministry recently met with the credit ratings agencies PIC: MORERI SEJAKGOMO
The two ratings agencies conduct assessments on the country’s sovereign debt in March and September each year. The assessments earlier this year resulted in S&P’s lowering the country’s sovereign credit ratings, whilst Moody's downgraded the country last year. Botswana, however, remains in the investment category, being an outlier in Africa.
BusinessWeek has established that top Finance ministry officials met with S&P researchers at least three weeks ago, while a meeting with Moody’s was scheduled for last week.
Whilst many citizens put trust in their leaders that they are tackling one of the worst curses that can befall a country, the public has lost trust after all the cases seemed not to go anywhere.As the saying goes, ‘corruption is a cancer that eats away at the fabric of society’; corruption affects effective governance.Corruption affects delivery of services to the public and also crumbles most systems meant to assist citizens who are very...