Briefing Paper

Fitch Credit Rating for Zambia

“Fitch, a renowned global credit rating agency and one of the top three statistical rating organizations in the world recently maintained Zambia’s sovereign credit risk rating of ‘B+’ at its second rating of the country’s sovereign risk that began in 2011. Unlike during the debut rating, the agency now warned that the outlook for credit risk in Zambia is negative. This has led to public speculation and varied sentiments on what this statement implies in as far as the maintenance of investor confidence and that of credit issuers is concerned.”