DAR ES SALAAM, Feb. 23 -- INVESTOR confidence remains firm as Moodys keeps the countrys sovereign rating at B1 with a stable outlook, signaling steady borrowing costs despite last years challenges.

The reassurance comes as Moodys affirmed the sovereign credit rating at B1 with a stable outlook last week, signaling that while the economy remains speculative, it is broadly creditworthy and capable of meeting its financial obligations.

The Stanbic Bank Tanzania Chief Executive Officer, Mr Manzi Rwegasira, said that the rating is particularly positive given public concerns about investor sentiment on the country following domestic challenges it faced last year.

“In simple terms: International creditors have assessed that Tanzanias fi...