Democratic Republic of Congo’s Credit Rating to Boost Investment
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Democratic Republic of Congo’s new credit rating may enable the country to sell debt abroad and set a benchmark for companies seeking to tap international financing, Congo’s banking association chief said.
Moody’s Investors Services on Sept. 6 assigned Congo a B3 ranking, six steps below investment grade, with a stable outlook. The ranking may increase the visibility of the rising economy and boost investment, Michel Losembe, president of the Congolese Banking Association, said in an interview.