Ratings: Foreign and Local Currency: B/Stable/B For further details see ratings list. Despite slowing economic growth in 2016, we expect Uganda's GDP growth will accelerate in 2017-2020, owing to continued infrastructure investments by both the public and private sectors. We also anticipate that Uganda's ongoing fiscal consolidation efforts will improve its fiscal performance in the same period, despite rising debt service costs. We are affirming our 'B/B' ratings on Uganda. The outlook is stable. On Dec. 15, 2017, S&P Global Ratings affirmed its 'B/B' foreign and local currency long- and short-term sovereign credit ratings on the Republic of Uganda. The outlook remains stable. The stable outlook reflects our expectation that in the next 12 months, Uganda's fiscal and external metrics
