S&P Removes Zambia’s Default Rating on Debt Recast Progress
S&P Global Ratings removed its default rating for Zambia, five years after the country missed a dollar bond payment in 2020 and became Africa’s first pandemic-era sovereign defaulter.
By Matthew Hill · Bloomberg Markets
S&P Global Ratings removed its default rating for Zambia, five years after the country missed a dollar bond payment in 2020 and became Africa’s first pandemic-era sovereign defaulter.