Namibia Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
B1 Positive | NR | BB Negative | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Apr 05, 2024 | Moody's | B1 | Stable | B1 | Positive | |
| Apr 05, 2022 | Moody's | Ba3 | Negative | B1 | Stable | |
| Dec 04, 2020 | Moody's | Ba2 | Negative | Ba3 | Negative | |
| Jun 22, 2020 | Fitch | BB | Stable | BB | Negative | |
| Jun 16, 2020 | Fitch | BB | Stable | BB | Stable | |
| May 22, 2020 | Moody's | Ba2 | Stable | Ba2 | Negative | |
| Dec 06, 2019 | Moody's | Ba1 | Negative | Ba2 | Stable | |
| Oct 01, 2019 | Fitch | BB+ | Negative | BB | Stable | |
| Feb 21, 2019 | Fitch | BB+ | Stable | BB+ | Negative | |
| Nov 20, 2017 | Fitch | BBB- | Negative | BB+ | Stable | |
| Aug 11, 2017 | Moody's | Baa3 | Negative | Ba1 | Negative | |
| Dec 02, 2016 | Moody's | Baa3 | Stable | Baa3 | Negative | |
| Sep 02, 2016 | Fitch | BBB- | Stable | BBB- | Negative | |
| Dec 09, 2011 | Fitch | BBB- | Positive | BBB- | Stable | |
| Sep 22, 2011 | Moody's | NR | Baa3 | Stable | ||
| Dec 13, 2010 | Fitch | BBB- | Stable | BBB- | Positive | |
| Dec 07, 2005 | Fitch | NR | BBB- | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Namibia’s current credit rating?
Namibia’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Namibia’s credit risk.
Has Namibia’s credit rating changed recently?
This page lists the latest rating and outlook actions for Namibia, showing when each agency last reviewed or changed its assessment.
Why does Namibia’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Namibia's bond yields, currency, and equity flows as investors reassess risk.
How does Namibia’s rating compare to other countries?
You can explore how Namibia ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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