Rwanda's Credit Ratings Affirmed, Despite Regional Risks
Update: 2025-11-15
Description
S&P Global Ratings maintains Rwandas B plus long-term and B short-term credit ratings, with a stable outlook. This decision acknowledges Rwandas robust economic growth and favorable debt structure, but also considers regional security risks and financial vulnerabilities. Despite a seven point two percent GDP growth in H1 2025, Rwandas landlocked status and low income per person pose ongoing challenges. The New Kigali International Airport project may strain finances, as the government plans to borrow $1.2 billion. S&P warns that ratings could lower if Rwanda loses favorable financing or if regional security issues worsen, but could improve if financial vulnerabilities decrease significantly.
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