(The following statement was released by the rating agency) London, May 23 (Fitch) Fitch Ratings has downgraded Mozambique’s Long-term foreign and local currency Issuer Default Ratings (IDRs) to ‘CC’ from ‘CCC’. Fitch has affirmed the Country Ceiling at ‘B-‘ and the Short-term IDR at ‘C’. Under EU credit rating agency (CRA) regulation, the publication of … Continue reading Fitch Downgrades Mozambique to ‘CC’