Moody’s downgrades Namibia’s ratings to Ba3, maintains negative outlook

“The coronavirus shock continues to pressure Namibia’s revenue generation capacity, a trend exacerbated by Namibia’s weak growth prospects, notwithstanding moderate institutional adjustment capacity and external buffers that backstop creditworthiness.”

via Moody's

Negative global sovereign outlook for 2021 reflects economic, fiscal and social shock of coronavirus

“Large fiscal deficits will push government debt levels to the highest levels recorded since the aftermath of World War II. For many of the poorest countries, debt ratios next year will return to, or exceed, the levels reached before the Highly Indebted Poor Country initiatives launched in 1996.”

via Moody's