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Fitch: Angola’s Move to End IMF Talks Increases External Risks
ANGOLA, Capital Markets in Africa: The Angolan government’s decision to discontinue talks with the IMF on a potential loan increases risks to the sovereign’s external financing position if no other sources of external funding are available, Fitch Ratings says. We identified deteriorating external dynamics as a rating sensitivity when we revised the Outlook on Angola’s ‘B+’ sovereign rating to Negative from Stable in March. The IMF said last week that Angola wanted to halt talks…
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