the monitor

Botswana credit rating nears 'junk status' after S&P downgrade

Tuesday, March 17, 2026 | 240 Views |

The agency also warned that Botswana’s fiscal position has deteriorated as mineral revenues decline.PIC.SOUTHERNAFRICATIMES.COM

Botswana’s sovereign credit rating has been downgraded by S&P Global Ratings, reflecting mounting pressure on the country’s economy and public finances as weak global demand for diamonds continues to weigh on growth and government revenues.

In a decision announced last week, the ratings agency lowered the country’s long-term foreign and local currency sovereign credit ratings to BBB- from BBB, whilst the short-term rating was cut to A-3 from A-2.

The outlook on the rating was revised to negative, signalling the possibility of further downgrades if fiscal conditions continue to deteriorate.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

credit rating

Credit growth sinks further

Mbongeni Mguni | 2 h ago

Atlanta Awaits: England and Argentina revive intense rivalry

correspondent | 1d ago

Dallas Duel: France and Spain battle for a place in history

correspondent | 1d ago

'Wrong medicine' lands pharmacy in P1m lawsuit

Goitsemodimo Kaelo | 1d ago

MPs struggle to find jobs after Parley

Spira Tlhankane | 1d ago

BPP infiltrated – Molapise declares

Tsaone Basimanebotlhe | 1d ago

BPP Youth League dissolved amidst rift

Tsaone Basimanebotlhe | 1d ago

Pedestrian, 32, dies in Mmopane truck accident

Pini Bothoko | 1d ago

Are we doing enough?

Women and children continue to suffer at the hands of men who, in their heads, seem to view them as objects they can abuse to satisfy their sick, disgusting tendencies. Hardly a day goes by without reports of a woman, an elderly woman, or a child being raped! Where are we going as Batswana? Rapists have instilled fear into people’s lives; there is no haven for anyone anymore as people live in fear not only walking the streets, but also inside...

The Monitor Editor | 14 July 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More