It will be easier and less costly for the Namibian Ports Authority (Namport) to raise funds for its ambitious expansion plans, which include the building of a dedicated port to serve its neighbouring SADC countries.
Fitch Ratings has upgraded Namibian Ports Authority's (NamPort) National Long-Term rating to 'AA-(zaf)' from 'A+(zaf)' and National Short- Term rating to 'F1+(zaf)' from 'F1(zaf)'.
The outlook is stable, and reflects the Fitch rating for Namibia as a country.
Namport given thumbs up by rating agency
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