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Rwanda GDP Shrinking

8/9/2020

 
Picture
Image: maxime niyomwungeri on Unsplash
​

Standard and Poor, more recognizable as S&P, assigns credit risk to companies and countries.  This data and math are used by financial institutions and retail traders throughout the world. 

Rwanda, a beautiful country with some of the friendliest people in the world, is experiencing a shrinking GDP presently at -4.20% and 10.30% inflation.  S&P assigned a B+ credit rating and a negative outlook to the small African nation of 8 million people.  This makes borrowing money more expensive.  

USD/RWF will open at 935.360 today.
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