On March 27, 2015, Standard & Poor's Ratings Services affirmed its 'B+/B' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Zambia. The outlook is still negative.
OVERVIEW
- We continue to believe that Zambia’s institutional strengths and solid growth prospects remain sufficient to offset increasing short-term fiscal and external challenges.
- However, we consider that policy-making could be constrained by political considerations, preventing the final resolution of key fiscal uncertainties, which could add to copper-price led currency depreciation and external pressure.
- We are affirming our 'B+/B' sovereign credit ratings on Zambia.
- The outlook remains negative, reflecting increasing uncertainty over Zambia's management of public finances and external accounts.
