Mozambique’s Caa3 credit rating and negative outlook reflect Moody’s expectations that the ongoing default event will result in sizeable losses for private creditors, Moody’s Investors Service said in an annual report today. “Mozambique’s government has not made payments on several debt instruments since the beginning of 2017, pending a restructuring,” said Lucie Villa, a Moody’s … Continue reading Mozambique’s rating captures risk of sizeable losses for private creditors from default – Moody’s