Rating agency says Zambia’s political landscape has deteriorated broadly

International Ratings agency Standard & Poor says Zambia’s political landscape has deteriorated broadly.

In it latest rating for Zambia, Standard & Poor said some policy measures, largely non-anticipated, have increased uncertainties regarding the future economic policy framework.

It however maintained its B+/B rating for Zambia but warned that it could lower the ratings if the administration’s policies weaken the country’s external, fiscal, or monetary fundamentals, or impair copper’¨production

The agency said that the political landscape has broadly deteriorated due to government’s clamp down on the opposition, including attempts to block public rallies and repeated arrests of the main opposition parties’ leaders.

The agency said it believes that some policy measures, largely non-anticipated, have increased uncertainties regarding the future economic policy framework.