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BRIEF-‍Fitch affirms Angola at 'B'; outlook negative​
September 1, 2017 / 8:40 PM / 3 months ago

BRIEF-‍Fitch affirms Angola at 'B'; outlook negative​

Sept 1 (Reuters) -

* ‍Fitch affirms Angola at ‘B’; outlook negative​

* ‍Fitch says expects Angolan economy to remain dependent on commodity exports over longer term

* ‍Fitch says expects new government in Angola to maintain policy continuity in near term, “not least because Dos Santos will remain president of MPLA”​

* ‍Fitch on Angola says high inflation is a key rating weakness​

* ‍Fitch on Angola says the risk of public sector arrears building up has increased and could also lead to banking sector strains​

* ‍Fitch on Angola says loss of corresponding banking relations (CBRS) in usd is an additional challenge that has potential to limit economic recovery ​ Source text for Eikon:

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