Uganda faces moody’s downgrade: Concerns rise over debt affordability and external vulnerability
In a surprising turn of events, the Government of Uganda has recently experienced a downgrade in its long-term foreign-currency and local-currency issuer ratings. Moody’s, the renowned ratings agency, has lowered the ratings from B2 to B3, with a shift in the outlook from negative to stable. This news has sent shockwaves through the Ugandan population,…