![Uganda faces moody’s downgrade: Concerns rise over debt affordability and external vulnerability Uganda faces moody's downgrade Concerns rise over debt affordability and external vulnerability](https://ugandaleo.com/wp-content/uploads/2024/05/Uganda-faces-moodys-downgrade-Concerns-rise-over-debt-affordability-and-external-vulnerability.jpg)
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,…