Fitch keeps Development Bank of Namibia's ratings stable at 'BB minus'
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Fitch Ratings in London has decided to keep the Development Bank of Namibia Limited's long-term issuer default ratings at 'BB minus' with a stable outlook.
This means the bank is considered to have a slightly higher credit risk but is stable overall.
Investors worldwide use these ratings to choose investments that are less likely to default and provide a good return.
Fitch also gave the bank a National Long-Term Rating of 'AA Plus,' which means it offers high-quality investment-grade products.