Botswana credit rating downgrade

S&P Global Ratings has downgraded Botswana’s sovereign credit rating, citing growing pressure on the country’s economy as the global diamond sector faces significant headwinds. Botswana, one of the world’s leading diamond producers,…

S&P Global Ratings has downgraded Botswana’s sovereign credit rating as the country’s diamond sector faces mounting challenges due to weakening global demand and economic pressures. The ratings agency cited declining diamond revenues…