Economy | Fitch Downgrades Zambia’s Rating But Govt Remains Hopeful Of Economic Recovery

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Lusaka ~ Thur, 24 Sept 2020 By ZR Reporter Fitch Ratings has downgraded Zambia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘C’ from ‘CC’, following the government’s consent solicitation issued on suspending debt service payments on its three outstanding global bonds.

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