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Moodys retains ratings bot revises ratings outlook for Botswana

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Moody’s Investors Service has released the 2009 sovereign credit rating review for Botswana. While the ratings for both local and foreign currency government bonds have been maintained at A2, the outlook has been revised from ‘stable’ to ‘negative’. This reflects the need for more concerted fiscal consolidation following the recent deterioration of the government's finance resulting from the global economic slowdown.See press release for more details.

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