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    Fitch Downgrades Zambia to 'CC'

    Fitch Ratings has downgraded Zambia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC' from 'CCC'.

    Fitch typically does not assign Outlooks or apply modifiers for sovereigns with a rating of 'CCC' or below. A full list of rating actions is at the end of this rating action commentary.

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