Uganda's Economic House of Cards: How Stable is it Really?
Uganda's economic outlook just got cloudier. Moody's Investors Service downgraded the nation's long-term local and foreign currency issuer ratings to B3 from B2, citing escalating debt pressures and a deteriorating external position. This move pushes Uganda further into "junk" territory, signalling heightened risk for investors and potentially increasing borrowing costs for the country. Moody's report highlights several key indicators underpinning their decision: Rising Debt Burden:...
