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Fitch Keeps Mozambique 'CCC' Rating Amid Economic Struggles

8/5/2025

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Summary

Story summary

Fitch Ratings maintains Mozambique's 'CCC' rating due to ongoing economic difficulties, including a growing fiscal deficit and substantial government debt.
The halt of USAID support, representing 3% of GDP, exacerbates foreign currency shortages.
Local entrepreneurs voice worries about security measures impacting supply chains for TotalEnergies' LNG project.
The Cabo Delgado governor assures local businesses will have access to project opportunities.

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Story summary

Fitch Ratings maintains Mozambique's 'CCC' rating due to ongoing economic difficulties, including a growing fiscal deficit and substantial government debt.
The halt of USAID support, representing 3% of GDP, exacerbates foreign currency shortages.
Local entrepreneurs voice worries about security measures impacting supply chains for TotalEnergies' LNG project.
The Cabo Delgado governor assures local businesses will have access to project opportunities.