Fitch revises Tanzania’s outlook to positive, affirms at ‘B+’

Fitch Ratings has turned more positive on Tanzania’s economic outlook, citing stronger reserves, manageable fiscal deficits, sustained growth and improving economic policy. The agency affirmed the country’s ‘B+’ sovereign rating but raised the outlook from Stable to Positive, signalling a potential upgrade if Tanzania sustains its fiscal reforms, strengthens reserves and keeps public debt on a…