Fitch affirms Cape Verde

Fitch Ratings said it affirmed Cape Verde's long-term foreign-currency issuer default rating at B+ and the local-currency issuer default rating at BB-, the country ceiling at BB- and the short-term foreign-currency issuer default rating at B.

The government is implementing an ambitious public investment drive, financed largely by multilateral and bilateral external borrowing and prioritizing infrastructure investments that will remove bottlenecks to growth and improve competitiveness, according to Fitch.

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