Angola Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
B3 Positive | B- Stable | B- Stable | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Jun 23, 2023 | Fitch | B- | Positive | B- | Stable | |
| Oct 20, 2022 | Moody's | B3 | Stable | B3 | Positive | |
| Jul 15, 2022 | Fitch | B- | Stable | B- | Positive | |
| Feb 04, 2022 | S&P | CCC+ | Stable | B- | Stable | |
| Jan 21, 2022 | Fitch | CCC | — | B- | Stable | |
| Sep 13, 2021 | Moody's | Caa1 | Stable | B3 | Stable | |
| Sep 08, 2020 | Moody's | B3 | Under Review | Caa1 | Stable | |
| Sep 04, 2020 | Fitch | B- | Stable | CCC | — | |
| Mar 31, 2020 | Moody's | B3 | Stable | B3 | Under Review | |
| Mar 26, 2020 | S&P | B- | Negative | CCC+ | Stable | |
| Mar 06, 2020 | Fitch | B | Negative | B- | Stable | |
| Jul 12, 2019 | Fitch | B | Stable | B | Negative | |
| Feb 08, 2019 | S&P | B- | Stable | B- | Negative | |
| Dec 28, 2018 | Fitch | B | Under Review | B | Stable | |
| Dec 21, 2018 | Fitch | B | Stable | B | Under Review | |
| Apr 28, 2018 | Moody's | B2 | Under Review | B3 | Stable | |
| Apr 25, 2018 | Fitch | B | Negative | B | Stable | |
| Feb 07, 2018 | Moody's | B2 | Stable | B2 | Under Review | |
| Oct 20, 2017 | Moody's | B1 | Negative | B2 | Stable | |
| Aug 11, 2017 | S&P | B | Negative | B- | Stable |
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 Angola’s current credit rating?
Angola’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 Angola’s credit risk.
Has Angola’s credit rating changed recently?
This page lists the latest rating and outlook actions for Angola, showing when each agency last reviewed or changed its assessment.
Why does Angola’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Angola's bond yields, currency, and equity flows as investors reassess risk.
How does Angola’s rating compare to other countries?
You can explore how Angola 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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