Moody's changes BDC's outlook to negative

Testing times: New CEO, Cross Kgosidiile
Testing times: New CEO, Cross Kgosidiile

Global credit ratings agency, Moody’s has changed the outlook of the country’s investment arm, Botswana Development Corporation (BDC) from stable to negative.

In Botswana, the BDC is just one of two corporate entities subscribed to ratings from Moody’s. The other is Letshego Holdings, on which Moody’s assigned a stable outlook in its last review in August 2019.

The purpose of its ratings is to provide investors with a simple system of grading by which future creditworthiness may be gauged.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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