Zambia has strengthened its standing in the international business and investment community, following Moody’s decision to upgrade the country’s sovereign credit rating from Caa2 to Caa1, with a positive outlook. Ministry of Information and Media Director Spokesperson, Henry…

Zambia has strengthened its standing in the international business and investment community, following Moody’s decision to upgrade the country’s sovereign credit rating from Caa2 to Caa1, with a positive outlook.

Ministry of Information and Media Director Spokesperson, Henry Kapata, says Moody’s is one of the world’s leading credit rating agencies.

Mr Kapata says the agency assesses how likely countries and companies are to achieve their debt obligations.

He has told the media business news that investors, lenders and financial institutions use these assessments when deciding where to invest, lend money and do business.

Mr Kapata noted that the upgrade means Moody’s now considers Zambia a relatively stronger credit proposition than it did under the previous rating.

“Caa1 remains within the high-risk category, but the improvement signals progress in the country’s credit standing,” said Mr Kapata.

He notes that for Zambia, the development strengthens the country’s efforts to attract investment, build confidence among international partners and improve access to financing.

Mr Kapata observes that as investment grows, businesses can expand, industries can increase production, farmers can find larger markets and more people can access employment opportunities.

He adds that this is the practical value of strengthening the country’s economic standing, saying investment in energy, agriculture, mining, manufacturing and infrastructure can support production, create business opportunities and expand economic activity across the country.

The development comes as Zambia prepares to present the 2027 National Budget on 6 November, 2026, while the International Monetary Fund’s proposed US$1.472 billion programme awaits consideration by its Executive Board.

President Hakainde Hichilema has consistently positioned Zambia as open for business, calling for accelerated economic growth through investment and trade.

A stronger credit assessment supports that ambition by improving how international lenders and investors view the country.