FINANCE Minister Dr Situmbeko Musokotwane says the S&P and Fitch upgrades matter because they signal that the country is no longer seen as a disorderly, default-prone and risky destination, but as a recovering sovereign with a credible path back to the markets. Dr Musokotwane adds that the period of debt default between 2015 to 2021 has taught the nation that leadership without discipline carries a very high national cost. In a statement, Sunday, Dr Musokotwane said the upgrades were not driven by short-term growth alone but were rooted in deep institutional repair. “Credit ratings do far more than describe a country’s image. They determine how expensive it is for the government to borrow, how much companies pay for loans, and...




