Tanzania criticises Moody's for negative rating outlook

Tanzania criticises Moody's for negative rating outlook

Credit: Reuters - Tanzania criticises Moody's for negative rating outlook

DAR ES SALAAM, March 5 (Reuters) - Tanzania criticised Moody’s decision to impose a negative outlook on the country’s first international credit rating, saying the agency’s concerns about the business climate were misleading. Moody’s on Friday assigned Tanzania a “B1” credit rating with a negative outlook, the first time the country has been given a rating by any of the big international agencies.

Moody’s said the negative outlook was justified by unpredictable policymaking, which could affect economic growth and the ability to attract foreign investment. The government in the East African nation has tussled with mining and energy firms, as it sought to renegotiate their contracts, alarming foreign investors. “Tanzania rejects the negative outlook on the credit rating. The government expected Moody’s to sit down with the government to discuss any queries they may have after their review,” Ben Mwaipaja, a Ministry of Finance and Planning spokesperson, said on Monday.

He said the government had taken several steps to improve the business environment, without offering details.
Tanzania has prioritised infrastructure investment as part of a five-year national development plan with a goal of achieving middle income status by 2025. Moody’s said Tanzania’s debt could rise to 43 percent of GDP in 2020 from 40.2 percent last year. Nevertheless, the agency expects the debt burden to remain below that of regional peers.

“The average maturity of Tanzania’s debt is relatively long because of a large share of multilateral, concessional external borrowing, which helps partly offset a very low revenue base and supports debt affordability,” the agency said in a statement. Analysts said a “B1” rating, even with a negative outlook, was decent, given worsening debt profiles across Africa. “It’s a similar rating to Ethiopia, better than Rwanda, better than Kenya. So as a debut issuer, it’s a decent rating,” Charles Robertson, chief economist at London-based frontier and emerging markets investment bank Renaissance Capital, said.

“Given Tanzania’s low per capita GDP, its a good rating.” In 2016, Tanzania said it wanted to issue a debut Eurobond to finance infrastructure projects, but it has delayed the process due to a lack of a credit rating.

We're still in the right track, soon rather than later we will be ranked higher.

Standard and Poor's wao wanasemaje kuhusu Tanzania?

Kwa wale msioelewa Moody's credit rating u zinaitwa Credit rating agencies ndio wanatoa picha halisi ya nchi au taasisi kuweza kukopesheka.

Credit rating agencies zinazotambuliwa Duniani ni Moody's, Standard and Poor na Fitch.

B1 ya Moody's inamaanisha kuwekeza Tanzania au kuikopesha Tanzania kama nchi au taasisi zilizoko Tanzania ni hatari kwa sababu uwezo wa kulipa hakutabiriki.

Wakopeshaji au watu wenye pesa zao au taasisi zenye pesa zao wakitaka kukopesja nchi au taasisi flani iliyoko nchi flani huangalia hiyo nchi iko rated kiasi gani.

Madhara ya Moody's rating kwa Tanzania ni kua inatuweka kwenye wakati mgumu kama nchi kuweza kukopesheka au kupata access kwenye global credit funds.

Hakimu Mfawidhi said:

Standard and Poor's wao wanasemaje kuhusu Tanzania?

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Hao sijawaona wakifanya ranking kwa African countries. Mwenye info anaweza kutuwekea.

Mabeberu yanatuonea wivu
Maendeleo yanayoletwa na Rais Magufuli yanaumiza sana hawa wajinga

Hakimu Mfawidhi said:

Standard and Poor's wao wanasemaje kuhusu Tanzania?

Kwa wale msioelewa Moody's credit rating u zinaitwa Credit rating agencies ndio wanatoa picha halisi ya nchi au taasisi kuweza kukopesheka.

Credit rating agencies zinazotambuliwa Duniani ni Moody's, Standard and Poor na Fitch.

B1 ya Moody's inamaanisha kuwekeza Tanzania au kuikopesha Tanzania kama nchi au taasisi zilizoko Tanzania ni hatari kwa sababu uwezo wa kulipa hakutabiriki.

Wakopeshaji au watu wenye pesa zao au taasisi zenye pesa zao wakitaka kukopesja nchi au taasisi flani iliyoko nchi flani huangalia hiyo nchi iko rated kiasi gani.

Madhara ya Moody's rating kwa Tanzania ni kua inatuweka kwenye wakati mgumu kama nchi kuweza kukopesheka au kupata access kwenye global credit funds.
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Wewe unafikiri ni Taasisi gani inaweza ikakataa kuikopesha nchi kama Tanzania hata kama wakisoma hilo andiko?

Hii mbona ya mwezi March? Bado tunadunda tu.

Ruttashobolwa said:

Wewe unafikiri ni Taasisi gani inaweza ikakataa kuikopesha nchi kama Tanzania hata kama wakisoma hilo andiko?

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Hakuna, hakuna chini ya jua wala mbinguni.

Popote au taasisi yoyote tukiomba hela zinamwagwa kama mchanga. Tena taasisi au nchi hadi zinafikia hatua ya kupelekana mahakamani kugombania nafasi ya kutupatia hela.

Yoyote yule aandike chochote sisi hatunyimwi hela na nchi au taasisi yoyote tukitaka tunapewa tu.

Hakimu Mfawidhi said:

Standard and Poor's wao wanasemaje kuhusu Tanzania?

Kwa wale msioelewa Moody's credit rating u zinaitwa Credit rating agencies ndio wanatoa picha halisi ya nchi au taasisi kuweza kukopesheka.

Credit rating agencies zinazotambuliwa Duniani ni Moody's, Standard and Poor na Fitch.

B1 ya Moody's inamaanisha kuwekeza Tanzania au kuikopesha Tanzania kama nchi au taasisi zilizoko Tanzania ni hatari kwa sababu uwezo wa kulipa hakutabiriki.

Wakopeshaji au watu wenye pesa zao au taasisi zenye pesa zao wakitaka kukopesja nchi au taasisi flani iliyoko nchi flani huangalia hiyo nchi iko rated kiasi gani.

Madhara ya Moody's rating kwa Tanzania ni kua inatuweka kwenye wakati mgumu kama nchi

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WATU WENYE PESA ZAO WAKITUKOPESHA, KINA NANI WENYE PESA ZAO WANATUKOPESHA, MARK ZAKABAG NA FACEBOOK????

Hatutumii, hatuhitaji na hatujawahi kuhusika na Moody's rating from the jump off!

Kwanza tunanunua kwa cash on hand!

Ndege tumenunua cash on hand. Reli ya njia pana pesa ya ndani. Bwawa la Umeme tumekopeshwa na benki ya Ki Egypt kwa sharti moja tu, tuchukue wajenzi wa Kimisri. Njia za TARURA tunatumia hela ya korosho na Tanzanite. Njia za TANROADS hizo ndo wazungu walishasema zamaaani kwamba hawatupi hela kwa sababu wanadai barabara ya Dar-Mwanza, kwa mfano, haina traffic ya ku justify kupanua na kukarabati! Wakati Magufuli anaingia Wizara ya Ujenzi hii njia ilikuwa ya vumbi! Unakumbuka? Tunajenga wenyewe!

Pili hatutaki kujenga debt load and debt dependency kwa kizazi cha mbele

Tatu wao kutukopesha ni biashara na wanataka wenyewe; Marekani inadaiwa madeni ya kufa mtu na China na bado inakopesheka na uchumi unapiga kazi!

Nne, nchi ndogo zinakopeshwa by and large kutoka Brenton Woods, ambao wanatambua hatunaga cha credit ratings wala cha Moodys kitu gani wala cha Standard Poor and Rich!

Tano, mabenki yanayofanya kazi na nchi changa yamekuwa yakitukopesha tangu enzi na dahili bila kujali cha Moodys Ratings manake hiyo haiwapi uhakika wa kuwalipa!

Na tumekuwa tukipeta!

Wakiacha kutukopesha wametunyima kunde! We don't much care for debt loads and what not. Na hatukubali kukopi mifumo ya kunyenyekea wenye pesa!

What's next, FICO SCORE and EQUIFAX ?

Bu'yaka said:

WATU WENYE PESA ZAO WAKITUKOPESHA, KINA NANI WENYE PESA ZAO WANATUKOPESHA, MARK ZAKABAG NA FACEBOOK????

Hatutumii, hatuhitaji na hatujawahi kuhusika na Moody's rating from the jump off!

Kwanza tunanunua kwa cash on hand!

Pili hatutaki kujenga debt load and debt dependency kwa kizazi cha mbele

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Mwaka 2016 Tanzania ilitaka kuingia kwenye Euro Bond ili kupata pesa za kuendeshea miradi imashindikana kwa sababu ya ukosefu wa Credit rating. Ukisoma hiyo taarifa inaeleza sema mtoa mada kaondoa baadhi ya taarifa kwa maslahi yake binafsi ila fungua hiyo link soma habari yote utaelewa.

Hiyo hoja ya pili kua hatutaki kuwawekea kizazi kujacho madeni makubwa sijui kama ulimsikia govornor wa BOT juzi hapa alieleza kua tunakopa sana kizazi kujacho kije kulipa, hukumsikia?

Hivi juzi IMF na WB walipotunyima mkopo hawakujua sisi ni donor country? Ama hujui kua tumeomba mikopo mahala na mara kadhaa tukanyimwa?

Hakimu Mfawidhi said:

Mwaka 2016 Tanzania ilitaka kuingia kwenye Euro Bond ili kupata

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WHAT THE HELL IS EURO BOND?

Another lending institution ???

Tukakosa Euro Bond, halafu nani mwingine akakataa kutukopesha???

CRDB wakikataa kukukopesha jaribu Benki ya Posta ambayo haitumii mfumo wa CRDB! Ndo maana tuliponyimwa Euro Bond tukaenda kwingine tukapeta, au, worst case scenario, tukaepuka lideni lingine. Tatizo liko wapi?

Kwa hiyo toka uhuru hatunaga Moddys credit rating halafu ikatu cost mara moja tu, mwaka 2016, kunyimwa mkopo!

Then hiyo rating sio muhimu saana kwetu!

Tusishadadie kila cha mzungu. Tusikubali kuunda mfumo mmoja dunia nzima. Senator Elizabeth Warren huwa anawakumbusha Wamarekani kwamba babu zao walikimbia madeni Ulaya kwenda kuanzisha nchi mpya USA. Sasa wangekutana na huyo Moodys Ratings kila mahala dunia nzima wangetoka?

Hatutaki mifumo ya kibeberu iote tena mizizi huku dunia ya tatu na kutufanya tegemezi wa mikopo yao, hisani zao na masharti yao, likiwemo la kutugeuza mashoga.

Mpaka JPM atoke madarakani.

Mtakuwa mnauza Junk Bonds tu.

Bu'yaka said:

WHAT THE HELL IS EURO BOND?

Another lending institution ???

Tukakosa Euro Bond, halafu nani mwingine akakataa kutukopesha???

CRDB wakikataa kukukopesha jaribu Benki ya Posta ambayo haitumii mfumo wa CRDB! Ndo maana tuliponyimwa Euro Bond tukaenda kwingine tukapeta, au, worst case scenario, tukaepuka lideni lingine. Tatizo liko wapi?

Kwa hiyo toka uhuru hatunaga Moddys credit rating halafu ikatu cost mara moja tu, mwaka 2016, kunyimwa mkopo!

Then hiyo rating sio muhimu saana kwetu!

Tusishadadie kila cha mzungu. Tusikubali kuunda mfumo mmoja dunia nzima. Senator Elizabeth Warren huwa anawakumbusha Wamarekani kwamba babu zao walikimbia madeni Ulaya kwenda kuanzisha nchi mpya USA. Sasa wangekutana na huyo Moodys Ratings kila mahala dunia nzima wangetoka?

Hatutaki mifumo ya kibeberu iote tena mizizi huku dunia ya tatu na kutufanya tegemezi wa mikopo yao, hisani zao na masharti yao, likiwemo la kutugeuza mashoga.

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Ukikua utajua ukweli wa mambo.

JPM akiwa na mentality za aina hii, hata hizo bonds mnazouza zitakuwa junky muda si mrefu.

Bavaria said:

Ukikua utajua ukweli wa mambo.

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Nikikua nitajua ukweli wa mambo; mambo ya wapi ??????

HAPA Tanzania hatuna mambo ya MOODY'S RATINGS!!!

Thank God and Jesus Christ hatuna credit scores huku Tanzania... Tungekuwa hatukopesheki! Alhamdullilah Alakuli Haaal! Adha Min Fadhil Rabi!

Hata business school za Tanzania hawafundishi alien concepts ambazo hapa hatuna, hazituhusu, hatuzitumii !!!!!!

Na ukizisoma au kuzijua huko nje ukija hapa kwenye cooperate world ya hapa itabidi ujifunze upya mifumo ya mikopo yetu tunakopeshana kopeshana vipi, kwa ustaarabu gani!

Mifumo, tathmini na vipimo vya mabeberu kupimana misuli ya hela pimaneni huko kwa huko!

Diaspora ndugu zetu, don't bury your head in the sand of Western beaches!

Bavaria said:

Mpaka JPM atoke madarakani.

Mtakuwa mnauza Junk Bonds tu.

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Zikoje hizo mkuu?