Rwanda’s rating in negative outlook despite double-digit growth (S&P)

Standard and Poor’s confirmed its long and short term sovereign credit rating on Rwanda at ‘B+/B’. The outlook nonetheless remains negative, S&P said in a February 4, 2022 report. The negative outlook continues to reflect that Rwanda’s economic growth model, based on investment and debt, and structurally large current account deficits could exacerbate the fiscal…...