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Tanzania finalises credit rating talks, says minister

DAR ES SALAAM: Tanzania has concluded talks with Fitch Ratings for a sovereign credit rating and is finalising similar discussions with Moody’s Investors Service, paving the way for a possible debut Eurobond debt issue, the Finance minister said on Saturday.

Saada Salum told Reuters east Africa’s second-biggest economy would decide when to issue the Eurobond after the ratings were secured, without going into further details.

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