in Short

Rwanda : Fitch Revises Outlook to Negative; Affirms at ‘B+’

Fitch Ratings has revised the Outlook on Rwanda’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at ‘B+’.

“The ongoing impact of the pandemic will delay any improvement in Rwanda’s public finances, with pressure on government spending and the government’s overall support for the economy continuing”.

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