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Moody’s maintains BPC rating despite gov't downgrade

Friday, October 24, 2025 | 210 Views |

Regular irritant: Morupule B has faced breakdowns since its commissioning in 2012

National power utility, Botswana Power Corporation (BPC), has narrowly held onto its investment-grade status after Moody’s Ratings affirmed its Baa3 credit rating, the lowest rank before 'junk' status.

BPC's credit rating withstood the sovereign downgrade on Botswana’s sovereign rating that was dropped over the weekend due to the country’s weakening fiscal position.

The outlook for BPC, however, remained negative with pressing worries over technical inefficiencies that continued to constrain power production at Morupule B. The 600MW plant has suffered frequent breakdowns since commissioning in 2012, due to design flaws and other weaknesses.

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