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Moody’s maintains BPC rating despite gov't downgrade

Friday, October 24, 2025 | 310 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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Moody’s maintains BPC rating despite gov't downgrade

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.

Bodungwane settlers fight for their ancestral land

Basarwa of Bodungwane rush to court over eviction threat

Kario eyes Maun West

Gov’t rules out new jobs in public service

BDC seals P1bn funding for SMEs

Debswana to sweat off non-core assets

MCM eyes rebound after tough 2025

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Celebrate responsibly, put safety first this holiday