International credit rating agency Fitch Ratings has reaffirmed Tanzania’s long-term foreign and local currency issuer default rating at ‘B+’, maintaining a Stable Outlook.
The move reflects the agency’s confidence in the country’s steady economic growth and sound financial management.
According to Fitch, Tanzania continues to benefit from robust GDP growth, low inflation, and manageable debt levels compared with other countries in the region.
These factors demonstrate the resilience of the Tanzanian economy and its capacity to maintain fiscal and monetary stability.
The assessment highlights the country’s improved access to external financing, including support from the International Monetary Fund (IMF) through programs such as the Extended Credit Facility (ECF).
These initiatives provide concessional loans aimed at strengthening productive sectors and social services.
The Resilience Sustainability Facility (RSF) also supports efforts to mitigate the economic impacts of climate change, reinforcing long-term sustainability.
Fitch further noted that political stability following the leadership of President Samia Suluhu Hassan has bolstered investor confidence and strengthened the overall business environment.
The agency expects that sound economic policies, prudent fiscal management, and ongoing reforms will continue to support growth and creditworthiness.
The reaffirmation of Tanzania’s ‘B+’ rating sends a strong signal to domestic and international investors, underscoring the country’s progress in economic governance and its commitment to maintaining a stable and attractive investment climate.
