Fitch affirmed Rwanda’s rating (IDR) at B+., with a Stable Outlook. The rating reflects the low GDP per capita, persistent budget and current account deficits, and high public and external debt. Fitch projects Rwanda’s real GDP growth at 8% in 2024, slowing to an average of 6.7% in 2025-2026. This growth outlook remains significantly higher than the projected 4.1% for other B-rated economies.