Botswana Credit Rating

Current Botswana credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Botswana ability to honor its financial commitments.

The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Botswana, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.

The table below shows the current Botswana credit ratings, according to the main rating agencies.

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Rating Agency Rating Outlook Last Update Action
Standard & Poor's BBB+ - 20 Sep 2021 outlook upgrade
Moody's Investors Service A3 - 26 Apr 2021 rating downgrade
Fitch Ratings - -
DBRS - -

Botswana: Long-term Rating Scales Comparison

Botswana long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Botswana sovereign debt. These scales help investors understand the likelihood that Botswana will meet its financial obligations.

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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Grade Description S&P Moody's Fitch DBRS
Investment
Grade
Prime
AAA
Aaa
AAA
AAA
High Medium Grade
AA+
Aa1
AA+
AA(high)
AA
Aa2
AA
AA
AA-
Aa3
AA-
AA(low)
Upper Medium Grade
A+
A1
A+
A(high)
A
A2
A
A
A-
A3
A-
A(low)
Lower Medium Grade
BBB+
Baa1
BBB+
BBB(high)
BBB
Baa2
BBB
BBB
BBB-
Baa3
BBB-
BBB(low)
Speculative
Grade
Speculative
BB+
Ba1
BB+
BB(high)
BB
Ba2
BB
BB
BB-
Ba3
BB-
BB(low)
Highly Speculative
B+
B1
B+
B(high)
B
B2
B
B
B-
B3
B-
B(low)
Substantial Risk
CCC+
Caa1
CCC+
CCC(high)
CCC
Caa2
CCC
CCC
CCC-
Caa3
CCC-
CCC(low)
Extremely Speculative
CC
Ca
CC
CC
C
C
C
C
In Default
RD
/
RD
RD
SD
/
SD
SD
D•NR
D•NR
D•NR
D•NR
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Botswana Credit Ratings historical data

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Timetable of Botswana credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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Date S&P Moody's Fitch DBRS
20 Sep 2021 BBB+
26 Apr 2021 A3
19 Sep 2020 BBB+
30 May 2020 A2
28 Mar 2020 BBB+
27 Oct 2017 A-
29 Apr 2016 A-
24 Nov 2011 A2
19 Feb 2010 A2
15 Feb 2010 A-
12 Mar 2009 A2
19 Feb 2009 A
7 Aug 2007 A2
2 Apr 2001 A
12 Mar 2001 A2
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