Uganda’s credit rating downgraded by Moody’s

Uganda’s foreign-currency and local-currency issuer ratings have declined to B3 from B2, with a stable outlook.

Uganda’s foreign-currency and local-currency issuer ratings have declined to B3 from B2, with a stable outlook. (File Photo)

By: NewVision Reporter, Journalists @NewVision

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KAMPALA - Credit ratings agency, Moody’s, has downgraded Uganda’s long-term creditworthiness due to fiscal challenges, external vulnerability, and economic concerns.

Uganda’s foreign-currency and local-currency issuer ratings have