Summary: Republic of Zambia May 11

Published: May 2011
Standard & Poors

FEATURED COMPANIES

Angola (Republic of)
Gabonese Republic
Ghana (Republic of)
Kenya (Republic of)
Mozambique (Republic of)
Zambia (Republic of)
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Abstract
The rating on the Republic of Zambia is supported by our view of its strong economic growth rates that have benefited from market-oriented policies, privatization of the copper industry, and investment. Zambia also has a strong external balance sheet after debt relief from official creditors in 2005, and moderate general government deficits that should keep general government debt below 30% of GDP in the next few years. The ratings are constrained by Zambia's income levels, which are lower than peers' at per capita GDP of $1,400. We also expect that the October 2011 presidential elections could be closely contested and accompanied by instability and uncertainty surrounding the next government's policies. Further constraints are our view that Zambia's balance of payments...

Companies mentioned in this report are:
- Zambia (Republic of)
- Papua New Guinea (Independent State of)
- Ghana (Republic of)
- Mozambique (Republic of)
- Nigeria (Federal Republic of)
- Kenya (Republic of)
- Gabonese Republic
- Angola (Republic of)

Action: Review

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- Zambia (Republic of)
- Papua New Guinea (Independent State of)
- Ghana (Republic of)
- Mozambique (Republic of)
- Nigeria (Federal Republic of)
- Kenya (Republic of)
- Gabonese Republic
- Angola (Republic of)