BANK of Zambia (BoZ) Governor Denny Kalyalya says the ratings upgrade by S&P and Fitch are a clear recognition that the broader economic reforms implemented by government have put Zambia on the right trajectory for higher growth. Recently, Standard and Poor’s (S&P) Global Ratings and Fitch Ratings upgraded the country’s sovereign credit to CCC+ and B- from Selective Default and Restricted Default, respectively. In a statement, Wednesday, Dr Kalyalya stated that the upgrade was a significant milestone that validated the progress the country had made in restructuring its external debt. “The Bank of Zambia wishes to add its voice to the very positive development in our country, notably, the recent upgrading of Zambia’s sovereign credit rating by Standard and Poor’s...