Why Moody’s credit rating upgrade is a big deal for Tanzania

Dar es Salaam. Tanzania’s rating upgrade by Moody’s is a big deal because it sends a message that the country’s economy was on the right footing, experts say.

The upgrade from of the Government of Tanzania’s long-term issuer ratings to B1 from B2 and a change in the outlook to stable from positive, gives the country a chance to easily and affordably source development financing from international lenders.