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Moody’s downgrades Botswana to Baa2 as diamond revenues weaken

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  • Moody’s Ratings downgraded Botswana’s long-term issuer ratings to Baa2 from Baa1.
  • 6.3% of GDP in deficits is expected to narrow to 5.8%.
  • 2024’s peaceful political transition preserved governance continuity, according to Moody’s assessment.
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