Sovereign rating
Botswana: BBB: Botswana is investment grade
Botswana is no. 1 of the 34 African countries rated, among the best rated in Africa. The agencies judge the risk of default low. The country can borrow from the large pension and insurance funds, at lower rates.
- Category
- Investment grade
- In Africa
- no. 1 of 34
- Trend
- Falling
1 notch above the investment grade threshold
AfCRA
The African agency, launched on 7 October 2026, has not published a rating yet.
Long-term foreign-currency ratings, from the agencies' releases · verdict and common scale: Syli Atlas's reading of the agencies' categories · a rating is an opinion on credit risk, not investment advice
History
Decisions of the agencies for Botswana
| Date | Agency | Decision | Rating | Outlook | Source |
|---|---|---|---|---|---|
| 25 Sep 2026 | Moody's | downgraded | Baa2 | stable outlook | riotimesonline.com ↗ |
| 11 Sep 2026 | S&P | affirmed | BBB− | negative outlook | furtherafrica.com ↗ |
Questions
What is the credit rating of Botswana?
S&P BBB− · Moody's Baa2: good rating, investment grade, 1 notch above the investment grade threshold, no. 1 of 34 in Africa.