Fitch Ratings has kept Rwanda’s long-term foreign-currency credit rating at B+, pointing to strong economic growth, governance and the country’s continued access to concessional financing.
The rating agency said a significant portion of Rwanda’s public debt is made up of loans secured on favourable terms, including low interest rates and long repayment periods. It also cited continued financial and technical support from development partners as a factor supporting the country’s ability to cope with economic pressures.
Rwanda’s economy is expected to expand by 7.8% in 2026, with agriculture, services and investment in infrastructure contributing to the growth, Fitch said.
The agency highlighted the planned new Kigali International Airport as one of the major infrastructure investments that could support trade, transport and investment.
Fitch also pointed to government measures aimed at improving public finances. These include efforts to increase tax and other domestic revenues, keep public spending under control and strengthen debt management.
The agency expects Rwanda’s public debt burden to ease in the coming years as economic growth remains strong and the country continues to have access to concessional loans.
The assessment comes as Rwanda continues to finance large infrastructure and development projects while seeking to keep pressure on public finances under control.
The government has said it will continue to pursue sound economic management and take a cautious approach to economic policy decisions.
