Fitch and Moodys missions assess Angola’s credit rating

Luanda – The missions of the international agencies of credit rating, Moodys and Fitch are in Luanda, as part of the permanent assessment of the economic governance and the investment attractiveness environment for the country.

The two missions, according to the document from the Ministry of Finance that reached Angop on Thursday, are due to pay separated working visitsto the country on 9-16 March.

The agencies’ agenda intends among other points, to discuss with Angolan authorities themes related to recent developments of the main macroeconomic indicators.

The Fitch and Moodys also intend to assess the performance of the oil sector, production profile, new discoveries, oil blocks auction, oil reservation levels, current state of the commercial banking and monetary policies and its outcomes.

The balance of payments, development of financial system, currency system of oil sector and international reservation are also part of the agenda.

The agencies will also assess the goals of the Angola’s General State Budget (OGE) and rating drivers that affect the Angolan State credit rating.

Source: Angola Press News Agency