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Financial rating: Moody's confirms the Caa2 rating of the Republic of Congo

07/11/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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L'agence de notation On November 3, Moody's Investors Service (Moody's) confirmed the R& Government's long-term issuer ratings in local and foreign currencies. eacute; Public of Congo (ROC) at Caa2. The outlook has remained stable.

The assertion of the rating is motivated by the poor management of public finances in the Republic of Korea, which, combined with the high burden of government debt and the high concentration of revenue, makes public finances vulnerable to oil shocks. The stable outlook makes it possible to find a balance between the government's favourable debt structure and international support and its still very low public governance and liquidity profile, limited economic and fiscal diversification, and significant risks related to political succession, which translate into a significant risk of default

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