Sovereign rating
Eswatini: B: a weak rating, highly speculative
Eswatini is no. 14 of the 34 African countries rated, in the middle of the African ranking. The country pays its debts, but a shock (commodity prices, a political crisis) could stop it. Borrowing is expensive.
Weak rating
B
- Category
- Highly speculative (B)
- In Africa
- no. 14 of 34
- Trend
- Stable
Eswatini · B
5 notches below investment grade
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 Eswatini
| Date | Agency | Decision | Rating | Outlook | Source |
|---|---|---|---|---|---|
| 25 Nov 2024 | Moody's | upgraded | B2 | stable outlook | aprm.au.int ↗ |
Questions
What is the credit rating of Eswatini?
Moody's B2: weak rating, highly speculative (b), 5 notches below investment grade, no. 14 of 34 in Africa.