Sovereign rating
Mozambique: CCC−: a very weak rating
Mozambique is no. 32 of the 34 African countries rated, among the lowest rated in Africa. The agencies see a real risk of default; access to international markets is very difficult.
Very weak rating
CCC−
- Category
- Substantial risk (CCC)
- In Africa
- no. 32 of 34
- Trend
- Falling
Mozambique · CCC−
9 notches below investment grade
AfCRA
The African agency, launched on 7 October 2026, has not published a rating yet.
Long-term foreign-currency ratings, from the agencies' releases · verdict and common scale: Syli Atlas's reading of the agencies' categories · a rating is an opinion on credit risk, not investment advice
History
Decisions of the agencies for Mozambique
| Date | Agency | Decision | Rating | Outlook | Source |
|---|---|---|---|---|---|
| 25 Sep 2026 | S&P | downgraded | CCC | negative outlook | theasianbanker.com ↗ |
| 18 Sep 2026 | Moody's | downgraded | Caa3 | stable outlook | clubofmozambique.com ↗ |
| Apr 2026 | Fitch | downgraded | CC | no outlook | businessday.ng ↗ |
Questions
What is the credit rating of Mozambique?
S&P CCC · Moody's Caa3 · Fitch CC: very weak rating, substantial risk (ccc), 9 notches below investment grade, no. 32 of 34 in Africa.