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Fitch Affirms Uganda's Long-Term Instruments at 'B'; Assigns 'RR4' Recovery Rating; Removes UCO
Fitch Ratings has affirmed Uganda's long-term debt rating at 'B' and assigned a Recovery Rating of 'RR4', removing it from Under Criteria Observation (UCO). The rating actions reflect the application of Fitch's new Sovereign Rating Criteria (September 2025) and for the first time incorporate recovery assumptions into the sovereign debt ratings. [....]