Zambia Wins Key Debt Upgrade

S 1 - 2 D I ID RK RT C - 0

Zambia’s exit from debt default gained momentum as S&P Global Ratings upgraded its foreign-currency rating to CCC+, citing progress in debt restructuring and stronger copper output. The government, led by Finance Minister Situmbeko Musokotwane, framed the move as validation of its reform agenda, fiscal discipline, and governance. While the upgrade boosts political credibility, risks remain ahead of the 2026 elections and climate-related pressures.