Fiscal authorities brace for credit ratings’ decisions

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.