Local mood gloomy as Moody's prepares to rate Namibia

November 13, 2017, 5:44pm

Dark clouds have hung over Namibia’s economic rating as Moody’s prepares to set its judgement on the country’s investment status after the tabling of the mid-year budget review.

Economic Association of Namibia’s (EAN) director and economic analyst Klaus Schade set the record straight last week at a PPPs conference saying that chances of a positive rating are from slim to none.