Fitch Ratings has affirmed Zambia’s credit rating at ‘B’, but with a negative economic outlook, mainly triggered by continued uncertainty about the government’s commitment to consolidate public finances and a high public debt burden. In a press release issued via Fitch’s Hong Kong bureau, Thursday, Fitch Ratings has affirmed Zambia’s long-term foreign-currency issuer default rating (IDR) at ‘B’, but with a negative outlook. Fitch Ratings director, sovereign ratings, Jermaine Leonard stated in a statement that Zambia’s credit rating had been affirmed at ‘B’, but noted that the country’s economic outlook was negative owing to several key drivers, which included; continued uncertainty about the government’s commitment to consolidate public finances and a high public debt burden. Leonard also revealed that the…...

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