Mozambique Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa2 Stable | CCC+ Negative | CCC — | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Feb 19, 2025 | S&P | CCC+ | Stable | CCC+ | Negative | |
| Feb 07, 2025 | Fitch | CCC | — | CCC | — | |
| Sep 22, 2023 | Moody's | Caa2 | Stable | Caa2 | Stable | |
| Nov 22, 2019 | S&P | SD | — | CCC+ | Stable | |
| Nov 07, 2019 | Fitch | RD | — | CCC | — | |
| Sep 20, 2019 | Moody's | Caa3 | Stable | Caa2 | Stable | |
| Feb 15, 2019 | Moody's | Caa3 | Negative | Caa3 | Stable | |
| Oct 27, 2017 | Fitch | CC | — | RD | — | |
| Jan 18, 2017 | S&P | CC | Negative | SD | — | |
| Nov 04, 2016 | S&P | CCC | Negative | CC | Negative | |
| Aug 05, 2016 | S&P | CCC | Negative Watch | CCC | Negative | |
| Jul 08, 2016 | Moody's | Caa1 | Negative Watch | Caa3 | Negative | |
| May 27, 2016 | S&P | B- | Stable | CCC | Negative Watch | |
| May 23, 2016 | Fitch | CCC | — | CC | — | |
| May 20, 2016 | Moody's | Caa1 | Stable | Caa1 | Negative Watch | |
| May 02, 2016 | Fitch | B | Negative | CCC | — | |
| Apr 15, 2016 | Moody's | B3 | Negative | Caa1 | Stable | |
| Apr 15, 2016 | S&P | SD | — | B- | Stable | |
| Apr 01, 2016 | S&P | CC | Negative | SD | — | |
| Mar 15, 2016 | Moody's | B2 | Negative Watch | B3 | Negative |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Mozambique’s current credit rating?
Mozambique’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Mozambique’s credit risk.
Has Mozambique’s credit rating changed recently?
This page lists the latest rating and outlook actions for Mozambique, showing when each agency last reviewed or changed its assessment.
Why does Mozambique’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Mozambique's bond yields, currency, and equity flows as investors reassess risk.
How does Mozambique’s rating compare to other countries?
You can explore how Mozambique ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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