Fitch Affirms Rwanda at ‘B+’ with Stable Outlook

Oct. 7, 2024 - MarketForces Africa

Fitch Affirms Rwanda at ‘B+’ with Stable OutlookFitch Ratings affirmed Rwanda’s credit ratings with a stable outlook, it said in a rating note. Fitch forecasts average annual inflation in Rwanda to fall to 4.

5% in 2024 from 14.3% in 2023, before rising to 5.

9% in 2025. It explained that the average time-to-maturity of external debt was 15 years in June 2024, with an average weighted interest rate of 2%.

Rwanda benefits from strong external loan commitments from bilateral and multilateral sources estimated at about USD1 billion per year in 2025 and 2026. #Fitch Affirms Rwanda at ‘B+’ with Stable OutlookUS Slowdown Looms Amid Delicate Political, Geopolitical Uncertainty –Fitch..