On 15 March 2024, S&P Global Ratings (S&P) released an update of the sovereign credit rating for Botswana. The Rating Agency affirmed the Country’s 'BBB+' long-term and 'A-2' short-term foreign and local currency sovereign credit ratings and maintained a stable outlook. This means that the country is still of investible grade and remains the highest credit rated country in Africa. The stable outlook is on account of S&P’s expectation that the demand for Botswana's diamonds and economic growth will remain relatively resilient, thus support export receipts and fiscal revenue.
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