Oil-rich Angola gets first credit ratings

LUANDA (AFP) – Oil-rich Angola on Wednesday received its first international credit ratings, making it easier for Luanda to raise money on the global market and to finance ambitious reconstruction projects.

The three major international agencies — Moody’s, Standard & Poor’s, and Fitch — said that Angola could rely on steady oil revenue but still needed to improve its governance. More………

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: