Financial rating agency Fitch Ratings has kept Mozambique's rating at CCC, highlighting the downward revision of macroeconomic forecasts due to the post-election protests. According to the Fitch Ratings assessment, released last Friday (01), and to which MZNews had access, the growth forecast has gone down to 3.4% in 2026...
Financial rating agency Fitch Ratings predicts that the world economy will grow by less than 2% this year, due to the impact of the serious escalation of the trade war between the United States and China. According to the report on the global economy, released on Wednesday (16) and to which MZNews had access, Fitch Ratings...
Financial rating agency Fitch Ratings warns that security threats and political instability could still pose risks to the resumption of the TotalEnergies LNG project along the Rovuma basin in Cabo Delgado, foreseeing uncertainties regarding the continuity of the Rwandan force in northern Mozambique. "Notably, our assumption that a Rwandan force, in...
The approval of a 4.7 billion dollar loan for TotalEnergies' liquefied natural gas (LNG) venture in Mozambique, if confirmed, will improve the prospects for the resumption of the huge project, which could have multiple positive benefits for Mozambique in the medium term, says Fitch Ratings. According to a publication by the agency...
The political and social tension that has taken place in Mozambique since the CNE announced the results of the October 9 general elections poses risks to political stability, fiscal consolidation and economic growth, says financial rating agency Fitch Ratings. "However, our basic assumption is that the situation...
Financial rating agency Fitch Ratings has decided to keep the outlook for sub-Saharan Africa at Negative, due to financing risks, rising interest rates and pressures on exchange rates. In its mid-year update on the outlook for the ratings, Fitch says that "the outlook for...
The financial rating agency Fitch Ratings, owned by the same people who run the consultancy Fitch Solutions, said today that further improvements and confidence in the management of Mozambique's public finances were needed before its opinion on the quality of sovereign credit could improve. At a virtual conference on the evolution of African economies, the director of Fitch...
In a statement released last night, Fitch Ratings said that it does not normally give outlooks to sovereigns with a rating of 'CCC+' or lower. The rating given to Mozambique corresponds to the seventh level of "junk", i.e. investment considered speculative. Among the factors that can individually or collectively lead to a negative rating,...
Fitch Ratings is predicting "coinciding recessions" in the US and the eurozone next year, which, if it happens, would be only the fourth time since 1980, the rating agency said yesterday in a note. According to the agency quoted by Lusa, these recessions will delay growth prospects in other regions, especially in...
Consultancy Oxford Economics Africa says Fitch's 'rating' upgrade shows more confidence in Mozambique, but doubts real changes in the country's governance. "The improvement in Mozambique's sovereign credit ratings and the resumption of general budget support from the Bretton Woods institutions are signs that...