What is Lesotho’s credit rating?

The May 2014 Fitch Ratings report has affirmed Lesotho's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' and 'BB' respectively. The outlooks on the long-term IDRs are stable. The Country Ceiling was affirmed at 'A-' and the short-term foreign currency IDR at 'B'.

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About LNDC

The Lesotho National Development Corporation (LNDC) is the main parastatal of the Government of Lesotho charged with the implementation of the country’s industrial development policies.

“The mandate of the Corporation is to initiate, promote and facilitate the development of manufacturing and processing industries, mining and commerce in a manner calculated to raise the level of income and employment in Lesotho.”  more...

Contact us

Lesotho National Development Corporation
Block A, Development House, Kingsway Street
Maseru, Lesotho, 100


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