Login to your account

Username *
Password *
Remember Me

On July 8, 2016, S&P Global Ratings affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Uganda. The outlook is stable.

 

OVERVIEW

 

In our view, the implementation of large infrastructure projects part-funded by the government has caused a temporary deterioration in Uganda's fiscal position that will last until 2018.

 

Economic growth remains strong, inflation pressures are receding, the Ugandan shilling is stabilizing, and the government's domestic financing costs have declined.

We are therefore affirming our 'B/B' ratings on Uganda.

 

The stable outlook balances the risks from a temporary worsening in the government's fiscal position due to spending on public-sector infrastructure projects against our expectation that the country's fiscal and external metrics will improve once the projects are completed, triggering an increase in the productive capacity of the economy.

 

We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use.