BRIEF-S&P says Republic of Mozambique foreign currency sovereign ratings lowered to ‘SD/D’

April 1 S&P on Mozambique:

* Republic of Mozambique foreign currency sovereign ratings lowered to ‘SD/S’ on announced
debt exchange offer results

* Lowering Mozambique long- and short-term foreign currency ratings on Mozambique to ‘SD/D’
from ‘CC/C’

* Stable outlook on the long-term local currency rating signals view that Mozambique faces
balanced risks, specifically on its local currency debt

* Revising outlook on long-term local currency rating to stable from negative

Source text – (bit.ly/1q9IWt9)

(Bengaluru Newsroom)

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Source URL:http://www.reuters.com/article/idUSFWN1740KB

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