OVERVIEW Due to its large public infrastructure projects and foreign-direct investment related imports, Uganda's fiscal and external accounts will likely remain weak. In our view, high real GDP growth rates and investments will continue to support the economy over the next few years. We are affirming our 'B/B' long- and short-term ratings on Uganda. The stable outlook reflects our view that over the next year the benefits of political stability and continued infrastructure investments, coupled with solid growth prospects in Uganda over the next few years, will offset the risks from fiscal and external imbalances. RATING ACTION On July 18, 2014, Standard&Poor's Ratings Services affirmed its 'B/B' foreign and local currency long- and short-term sovereign credit ratings on
