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Financial rating: Where S&P is racing, Moody's calls for caution

10/11/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The latest report by Moody's Investors Service, which maintained Congo's rating at “Caa2” with a “stable outlook”, indicated that Brazzaville seems to be keeping its head above water, but much remains to be done. This rating contrasts with the more optimistic vision of Standard & Poor's (S&P

).

Moody's Investors Service rated Congo-Brazzaville with a Caa2 (very high credit risk) with a stable outlook. This rating expressed moderate confidence in his ability to manage his financial balance. But Standard & Poor's (S&P) raised Congo's score in August from B- to B in the short term and from CCC+ to C in the long term, with a stable outlook based on a significant improvement in oil production

.

Il est à noter ainsi que là où S&P s' emballe, Moody's Call & aggravate; caution. Thus, S&P shows through its note that despite the increase in oil revenues, these will probably not be enough to quickly pay off the country's public debt, which is close to 98% of GDP, according to the Ministry of the Economy

.
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