S&P Maintains Angola at B-; Stable Outlook Cites Oil Buffers but Flags Fiscal Risks
S&P Global Ratings has affirmed Angola's long-term foreign and local currency sovereign credit ratings at 'B-' and short-term at 'B', with a stable outlook. The agency pointed to the country's exposure to external market swings, a weaker fiscal trajectory and sizeable financing requirements, while noting foreign currency reserves and anticipated oi…