The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

RADIO BULLETIN NO: 01 FOR 07H00

Contributed by NAMPA.

HERE IS TODAY’S BULLETIN FOR 07H00
MONDAY, 14 OCTOBER 2019
NAMIBIA PRESS AGENCY

1 (WINDHOEK, 14 OCT, NAMPA) – Fitch Ratings Agency has downgraded the Development Bank of Namibia (DBN)’s Long-Term Issuer Default Ratings (IDR) from BB+ to BB, giving it a stable outlook.

The rating, revealed on the agency’s website on 09 October 2019, considers Namibia’s weaker ability to provide support to DBN, as reflected in the sovereign downgrade.

The rating follows the d ...

 

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