Angola: Sovereign credit ratings

* indicates monthly or quarterly data series
Select indicator
* indicates monthly or quarterly data series

Sovereign credit ratings in Angola: The table shows the history of sovereign credit ratings. Click on the following link to see the values of Sovereign credit ratings around the world. Sources: Fitch, Moody's, S&P, Scope.

Download data API


Agency Rating Outlook Date
Fitch B- Stable 6/2024
Fitch B- Stable 12/2023
Moody's B3 Positive 10/2023
Fitch B- Stable 6/2023
Fitch B- Positive 1/2023
Moody's B3 Positive 11/2022
Fitch B- Positive 7/2022
Fitch B- Stable 2/2022
Fitch CCC Developing 9/2021
Moody's Caa1 Negative 9/2020
Fitch CCC Developing 9/2020
Standard & Poor's CCC+ Stable 3/2020
Standard & Poor's CCC+ Stable 3/2020
Moody's B3 Under Review 3/2020
Moody's B3 Under Review 3/2020
Fitch B- Stable 3/2020
Fitch B Negative 12/2019
Standard & Poor's B- Developing 11/2019
Standard & Poor's B- Developing 11/2019
Fitch B Negative 11/2019
Fitch B Negative 7/2019
Standard & Poor's B- Negative 2/2019
Fitch B Stable 12/2018
Moody's B3 Stable 4/2018
Fitch B Stable 4/2018
Moody's B2 Stable 10/2017
Fitch B Negative 9/2017
Standard & Poor's B- Stable 8/2017
Moody's B1 Negative 4/2017
Fitch B Negative 3/2017
Fitch B Negative 9/2016
Standard & Poor's B Negative 8/2016
Fitch B+ Negative 7/2016
Moody's Ba2 Negative 4/2016
Moody's Ba2 Negative watch 3/2016
Fitch B+ Negative 3/2016
Standard & Poor's B Stable 2/2016
Fitch B+ Stable 9/2015
Standard & Poor's B+ Negative 8/2015
Moody's Ba2 Negative 3/2015
Standard & Poor's B+ Stable 2/2015
Fitch BB- Stable 10/2014
Moody's Ba2 Stable 8/2014
Fitch BB- Stable 4/2014
Moody's Ba3 Positive 8/2012
Standard & Poor's BB- Stable 7/2011
Moody's Ba3 Stable 6/2011
Fitch BB- Stable 5/2011
Moody's B1 Positive watch 2/2011
Standard & Poor's B+ Stable 5/2010
Moody's B1 Positive 5/2010
Fitch B+ Positive 5/2010

Download data API

Definition: S&P includes long-term ratings from the highest AAA to the lowest D rating. Moody’s includes long-term ratings from the highest Aaa to the lowest C. Fitch includes long-term ratings from the highest AAA to the lowest D rating. Scope includes long-term foreign-currency ratings from the highest AAA to the lowest D rating.

For all four international credit rating agencies, ratings are divided into two main groups based on the level of credit risk: investment grade for lower levels of credit risk and speculative grade for higher levels of credit risk. For S&P, Fitch and Scope, investment grade issues/issuers are those rated from BBB- and above, while those from BB+ and below are categorized as speculative grade. Moody’s denotes as investment grade issues/issuers as those rated from Baa3 and above, while ratings from Ba1 and below fall into the category of speculative grade.

All four agencies include modifiers into their generic alphabet-based ratings for particular ranges. Ratings from S&P, Fitch and Scope are modified with “+” or “-” from the range AA to CCC. Moody’s appends numerical modifiers from 1 to 3 to the generic rating classifications from Aa to Caa. 1 indicates standing in the higher end of the generic category, while 3 indicates ranking in the lower end. All modifiers denote relative status within major ratings categories.

Rating Outlooks indicate the direction the rating is likely to move over a one- to two-year period. In determining an outlook, consideration is given to any changes in fundamental business conditions. Credit Watch focuses on identifiable events that cause ratings to be placed under special surveillance.

Rating Outlooks/Watches for the four agencies are the following:

- Positive means that a rating may be raised
- Negative means that a rating may be lowered
- Stable means a rating is not likely to change
- When the fundamental trend has strong, conflicting elements of both positive and negative, the Outlook/Watch can be denoted as Developing (for Scope, a Stable Outlook would be assigned in this case).

Credit Watches do not include a Stable Watch because they are only event driven and denote higher probability of change in the rating. Credit Outlooks and Watches are mutually exclusive.
This site uses cookies.
Learn more here


OK