The Fitch Ratings agency has confirmed Angola's long-term issuer default rating in foreign currencies (IDR) to “B-” with a stable outlook.

La notation de Fitch Ratings à Angola reflète low governance indicators, high inflation, high levels of public debt denominated in foreign currencies, and one of the highest levels of commodity dependence among & Eacute; stats rated by Fitch. These items are offset by high international reserves compared to peers, current account surpluses, and manageable debt repayment risks due to a still favorable oil price environment. Fitch forecasts that Angola will continue to record current account surpluses of 6.0% of GDP in 2024 and 1.3% in 2025, up from 3.8% in 2025, compared to 3.8% in 2023. Fitch forecasts that Angola's external amortization will remain high at $6.2 billion in 2025 (5.2% of GDP) and $5.4 billion in 2026 (4.2% of GDP) in 2026 (4.2% of GDP), compared to $5.4 billion estimated in 2024.