Meet Africa's Last Eurobond Issuer Bucking Junk Status: Chart

Namibia is sub-Saharan Africa’s only remaining investment-rated Eurobond issuer following South Africa’s downgrade to junk. The southern African nation has $1.25 billion of bonds denominated in dollars, equivalent to about 10 percent of its gross domestic product. Botswana and Mauritius have investment-level ratings but no Eurobonds. In the past two years, African economies have gone from being among the most buoyant globally to being stifled by plunging commodity prices, rising debt levels and political crises.