Mozambique: Oxford Economics revises 2025 GDP growth to 1.8%
Selective Default: Standard & Poors lowers Mozambique foreign currency sovereign ratings
9:22 CAT | 01 Apr 2016
Republic of Mozambique foreign currency sovereign ratings lowered to ‘SD/S’ on announced debt exchange offer results
* Lowering Mozambique long- and short-term foreign currency ratings on Mozambique to ‘SD/D’ from ‘CC/C’
* Stable outlook on the long-term local currency rating signals view that Mozambique faces balanced risks, specifically on its local currency debt
* Revising outlook on long-term local currency rating to stable from negative
Source: Reuters
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