Reuters logo
3 months ago
BRIEF-Moody's says Namibia's credit challenges include rapid rise in public debt levels
May 23, 2017 / 5:37 AM / 3 months ago

BRIEF-Moody's says Namibia's credit challenges include rapid rise in public debt levels

May 23 (Reuters) -

* Moody's says Namibia's credit profile balances medium-term growth prospects against rising public debt

* Moody's says Namibia faces increasing external risks stemming from persistent current account deficits and relatively low international reserves

* Moody's says Namibia's credit challenges include the rapid rise in its public debt levels, which reached 42.3% of GDP in 2016-17 from 26.2% in 2011

* Moody's says expects recovery in Namibian diamond, gold,uranium mining, as well as a rebound in agricultural sector to drive GDP growth in the coming years

* Moody's says expects Namibia's government debt to continue to rise marginally and reach 45.4% of GD in FY2018-19.

* Moody's says Namibia vulnerable to further tightening in domestic funding conditions if fiscal slippages continue, leading to substantial rise in debt-servicing costs Source text for Eikon:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below