Moody�s reaffirms Botswana�s sovereign credit rating

However, the rating agency notes that the economy’s heavy reliance on the diamond industry and the relatively slow pace of economic diversification remain key weaknesses for the rating over the long term.

In making the assessment, the agency emphasises the country’s sound policy framework, effectiveness of government and a track record of prudent fiscal policies, which result in continued strengthening of the government’s net financial position.