S&P Global Ratings lowered Mozambique’s credit assessment to CCC from B-, citing heightened risk of default either from higher-than-expected service obligations or as a result of acceleration clauses in the government’s debt. The Southeastern African nation last month owned up to having hidden from creditors the fact that it had guaranteed as much as $1.4 … Continue reading S&P cuts Mozambique rating on diminished ability to repay debt – Bloomberg