On September 17, 2021, S&P Global Ratings (S&P) released an update of the sovereign credit rating for Botswana. The rating agency maintained the country’s sovereign credit rating for long and short term foreign and local currency sovereign credit at “BBB+/A-2”. However, S&P revised the economic outlook from negative to stable on account of anticipated rebound in Botswana’s economic growth, partially led by the diamond mining recovery.

The S&P Report is attached below: