Fitch Ratings has maintained Zambia’s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘Restricted Default’ (RD), reflecting unresolved non-bond foreign currency commercial debt as the country progresses with restructuring under the Common Framework. The rating agency anticipates Zambia’s public debt will decrease from 126% of GDP in 2023 to 100% by 2025, bolstered by Eurobond … Continue reading Fitch Affirms Zambia’s ‘Restricted Default’ Rating Amid Debt Restructuring