An Economist Says Standard And Poors Upgrade of Zambia’s Rating To Boost Investor Confidence.

An Economist says the move by standard and poor to upgrade Zambia’s sovereign rating from negative to positive will boost investor confidence.

The international rating agency has upgraded the country’s sovereign rating to positive with a stable outlook.

Mr Kampamba Shula has

told Radio Phoenix in an interview that the upgrade will result into more Foreign Direct Investment –FDI inflows into Zambia.

Mr Shula says donor financing could potentially increase as a result of the rating from a credible international rating agency.

RADIO PHOENIX NEWS

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