Skip to content
Subscriber Only

African Issuers Scrutinized After Mozambique’s Bond Default

  • Bloomberg data shows four African nations at high risk
  • Mozambique’s Eurobond default is continent’s first since 2011
Updated on

After Mozambique’s default, investors are wondering who’s next in Africa.

Bloomberg’s sovereign credit risk model -- which uses data including budget deficits, foreign reserves, non-performing bank loans and political instability to calculate default probabilities -- flags four candidates among African Eurobond issuers: Senegal, Tunisia, Ghana and Zambia.