Why Moody's credit rating upgrade is a big deal for Tanzania
Tanzania, March 25 -- Dar es Salaam. Tanzania's rating upgrade by Moody's is a big deal because it sends a message that the country's economy was on the right footing, experts say.
The upgrade from of the Government of Tanzania's long-term issuer ratings to B1 from B2 and a change in the outlook to stable from positive, gives the country a chance to easily and affordably source development financing from international lenders.
"Moody's is simply sending a message to the international community - which includes the lenders - that Tanzania is financially disciplined," said economics professor, Semboja Haji.
Read: Tanzania listed among top economic performers in Africa for 2024, beating Kenya and Uganda
Moody's said at the weekend that i...
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