Mozambique Faces High Credit Risk Amidst Funding Challenges

[Mozambique News Reports And Clippings] Aid to Mozambique has largely stopped and it cannot borrow. Last week Moody's Ratings pushed Mozambique near to the bottom - Caa3 - 'poor quality and very high credit risk' - and in April Fitch Ratings dropped Mozambique to cc - 'the level of default risk is among the highest'. The World Bank is one of the few remaining funders, and recently gave Mozambique $35mn to buy medicines.