Rwanda’s long-term foreign-currency credit rating has been reaffirmed at B+ by Fitch Ratings, with the agency maintaining a stable outlook, the Ministry of Finance and Economic Planning announced on Monday, September 14. The rating, according to the ministry, reflects “Rwanda’s strong governance indicators, high growth potential, and the highly concessional nature of public debt, alongside sustained financial and technical support from development partners.” ALSO READ: Rwanda’s economic outlook revised to stable Fitch projects that Rwanda’s economy will grow by 7.8 per cent in 2026, supported by activity in agriculture, services and strategic infrastructure investments, including the New Kigali International Airport in Bugesera. The agency’s assessment comes as the government continues efforts to strengthen fiscal sustainability through revenue-enhancing tax reforms, expenditure rationalisation and prudent debt management. According to the ministry, public debt is expected to remain on a downward trajectory over the medium term, supported by strong economic growth and continued access to concessional financing. The latest affirmation indicates that the country's overall credit rating remains unchanged, while the stable outlook reflects the assessment of its economic fundamentals and policy framework. ALSO READ: Why Fitch maintained Rwanda’s B+ in latest rating The B+ rating places Rwanda in the speculative-grade category, indicating that the country has some capacity to meet its financial commitments but remains exposed to economic and financial risks. The ministry said the government remains committed to sound economic governance and prudent macroeconomic management as it advances the country’s development ambitions.
