Global rating agency Moody’s has upgraded Rwanda’s credit rating outlook from “negative” to “stable,” citing strong external financial assistance and improving economic and political conditions. The agency also affirmed Rwanda’s long-term local and foreign currency ratings at “B2.”
The shift signals growing confidence in Rwanda’s resilience and investment potential. According to Moody’s, several factors influenced the decision: easing conflict risks with the Democratic Republic of the Congo (DRC), robust economic growth, low liquidity risk, and consistent support from development partners.
Rwanda’s stronger institutions and governance compared to peer countries also played a key role.
The move comes after Rwanda and the DRC recently agreed on a framework for regional economic integration, with cooperation spanning energy, infrastructure, mineral supply chains, national parks, and public health. The US State Department noted the agreement as a sign of growing regional stability.
Analysts say the stable outlook could help Rwanda attract more foreign investment and deepen confidence among international lenders, reinforcing its economic trajectory.
