Fitch affirms Mozambique

Fitch Ratings said it affirmed Mozambique's long-term foreign-currency issuer default rating at B and long-term local-currency issuer default rating at B+.

The outlook on the long-term issuer default ratings is stable.

Fitch affirmed Mozambique's short-term issuer default rating at B and country ceiling at B.

Mozambique's ratings balance its impressive growth track record and judicious macroeconomic management against its low per capita income, and weak private sector and investment climate, according to the agency.

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