16.04.2016 00:27:00
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Mozambique, Government of -- Moody's downgrades Mozambique issuer rating to Caa1, outlook stable, and assigns a Caa1 instrument rating to newly-issued exchange debt
New York, April 15, 2016 -- Moody's Investors Service has today downgraded Government of Mozambique's issuer rating to Caa1 from B3, outlook stable. This concludes the review for downgrade initiated on 17 December 2015 and extended on 15 March 2016 after the announcement of the Mozambique EMATUM Finance 2020 B.V. (EMATUM) notes (WR) exchange offer.