Fitch downgrades Zambia to B -six steps into junk status

[Zambian Observer - Zambia] - 11/10/2018
The Zambian Observer ~ Fitch Ratings has downgraded Zambia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, with a Negative Outlook. The downgrade and Negative Outlook on Zambia’s Long-Term IDRs reflects the substantial upward revision in the government budget deficit (...)
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