{"id":54206,"date":"2025-05-17T17:04:44","date_gmt":"2025-05-17T17:04:44","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-retains-b-credit-rating-with-stable-outlook\/"},"modified":"2025-05-21T10:56:00","modified_gmt":"2025-05-21T10:56:00","slug":"rwanda-retains-b-credit-rating-with-stable-outlook","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-retains-b-credit-rating-with-stable-outlook\/","title":{"rendered":"Rwanda retains B+ credit rating with stable outlook"},"content":{"rendered":"<p>The latter conducts regular evaluations of countries\u2019 financial and credit profiles worldwide. The rating reflects Rwanda\u2019s resilient economic growth, ongoing fiscal reforms to boost domestic revenue, and effective debt management.      <\/p>\n<p>The stable outlook acknowledges Rwanda\u2019s challenges, including balance-of-payments pressures, regional security risks, and growing fiscal deficits. <\/p>\n<p>However, access to affordable concessional financing and a favorable debt structure with extended repayment terms help offset these risks.<\/p>\n<p>S&#038;P notes that Rwanda\u2019s debt servicing costs are significantly lower than those of similarly rated peers, with interest expenses projected to average 10% of government revenue from 2025 to 2028.<\/p>\n<p>S&#038;P Global forecasts Rwanda\u2019s economy to outpace many peers over the next five years, driven by substantial public investments in infrastructure, such as the new Kigali International Airport and airline expansion, alongside projects in agriculture, energy, health, education, and tourism. Rwanda\u2019s economy grew by 8.9% in 2024, with an 8% rise in the fourth quarter.<\/p>\n<p>While agricultural growth was sluggish in 2023 and only moderately improved in 2024, favorable weather is expected to enhance output. The services sector\u2019s steady growth is also likely to draw greater private sector investment.<\/p>\n<p>Despite these strengths, S&#038;P highlights Rwanda\u2019s exposure to climate change, weather disruptions, and regional tensions. <\/p>\n<p>The agency commends Rwanda\u2019s revenue-enhancing measures, including higher tax rates, digital tax systems, and an expanded tax base, which are poised to strengthen fiscal stability and narrow deficits in the medium term.<\/p>\n<p>S&#038;P\u2019s reaffirmation underscores confidence in Rwanda\u2019s proactive economic strategies, strong growth potential, and resilience amid challenges.<\/p>\n<figure class=\"spip-document spip-document-87388\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/isk_25-b05b3-2-03d19_1_-2.jpg\" alt=\"Rwanda retained its B+ credit rating with a stable outlook in its latest assessment conducted by S&amp;P Global, a U.S.-based credit rating agency.  \" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Rwanda retained its B+ credit rating with a stable outlook in its latest assessment conducted by S&#038;P Global, a U.S.-based credit rating agency.  <\/p>\n","protected":false},"author":62,"featured_media":2000087387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[72,75],"byline":[170],"hashtag":[],"class_list":["post-54206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-featured-news-home","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000087387,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gdsutuaw0aa4bbi-18493.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gdsutuaw0aa4bbi-18493.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gdsutuaw0aa4bbi-18493.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gdsutuaw0aa4bbi-18493.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gdsutuaw0aa4bbi-18493.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/gdsutuaw0aa4bbi-18493.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/54206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=54206"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/54206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000087387"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=54206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=54206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=54206"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=54206"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=54206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}