Moody’s Investors Service maintained its appraisal of Uganda's debt, citing its favourable medium-term economic prospects supported by an increase in infrastructure investment
Ratings agency Moody's has cut Uganda's long-term issuer bond rating by one notch to B2 from B1, but changed the outlook from 'negative' to 'stable.' Moody's said the key driver of its downgrade is Uganda's "sustained erosion of fiscal strength."
