Moody’s Maintains BPC Rating Despite Gov't Downgrade
National power utility, Botswana Power Corporation (BPC), has maintained its investment-grade status after Moody’s Ratings affirmed its Baa3 credit rating.
BPC's credit rating withstood the sovereign downgrade on Botswana’s sovereign rating due to the country’s weakening fiscal position.
- The outlook for BPC remains negative due to technical inefficiencies.
- Power production at Morupule B has been constrained by frequent breakdowns since 2012.
- Design flaws and weaknesses have caused the 600MW plant to suffer breakdowns.
That a journalist can be physically attacked, have his equipment destroyed, and receive death threats within the supposed sanctuary of a courtroom is a chilling development that demands an immediate and robust response from authorities.
Author's summary: Moody's affirms BPC's Baa3 credit rating despite sovereign downgrade.
More News
- Mamdani prevails in New York City mayoral race
- Nassau police officer Ian Fogarty honored by county legislature
- Thrown under the Omnibus: will GAR survive EU’s green rollback? - Risk.net
- Prop 50 passed because grifters were scared of losing their grift | The Spectator Australia
- Elder abuse on Long Island: How it happens and what to do about it
- Starck Reality: Precious metals pricing raises mints’ prices
- Bridget Phillipson must not abandon special needs children | The Spectator Australia
- The biggest, brightest Supermoon of 2025 rises Tuesday night - The Weather Network
- Mikie Sherrill Elected Governor of New Jersey - The Montclarion