DBN remains stuck with junk status

Still haunted by pandemic
Fitch Ratings, one of the top three credit rating agencies in the world, has kept the Development Bank of Namibia's long-term debt in foreign currencies, excluding the rand, at two notches below investment grade.
Jo-Maré Duddy
  • 7 Month Ago - 2024-03-25 00:00:00
The ratio of stage-3 impaired loans of the Development Bank of Namibia (DBN) has spiralled from 13% at the end of March 2020 to 33% at the end of March last year.This, combined wit ...

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Namibian Sun 2024-11-15

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