THE GOVERNMENT OF THE KINGDOM OF ESWATINI - The Government of the Kingdom of Eswatini - Credit Rating Action

The Government of the Kingdom of Eswatini - Credit Rating Action

The Government of the Kingdom of Eswatini
Bond Code: ESW01
ISIN: ZAG000205089


CREDIT RATING ACTION

Noteholders are hereby advised that on 25 November 2024 Moody's Investors Service ("Moody's") upgraded the
Government of eSwatini's long-term local-currency and foreign-currency issuer rating to B2 from B3. Concurrently, the
government's South Africa national scale rating (NSR) Senior Unsecured MTN rating was upgraded to (P)Baa3.za from
(P)Ba2.za. The outlook was changed to stable from positive.

The full credit report is available on Moody's website at:
https://www.moodys.com/research/Moodys-Ratings-upgrades-eSwatinis-ratings-to-B2-changes-outlook-to-Rating-Action--PR_498044



23 January 2025

Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited

Date: 23-01-2025 04:31:00
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