Mozambique Reluctant to Take Over MAM’s Debt, Official SaysBy
State-owned company had May 23 deadline to pay $178 million
Fitch cut nation’s credit rating by one level to CC from CCC
Mozambique is unwilling to convert a loan extended to a state-owned company into sovereign debt to avoid a default, according to an official familiar with the situation, who asked not to be identified because he’s not authorized to speak on the matter.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.