{"id":41809,"date":"2023-07-02T17:14:54","date_gmt":"2023-07-02T17:14:54","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved"},"modified":"2023-07-02T18:10:03","modified_gmt":"2023-07-02T18:10:03","slug":"mozambique-says-causes-for-rating-downgrade-resolved","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved","title":{"rendered":"Mozambique says causes for rating downgrade resolved"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Mozambican government said on Tuesday that the country\u2019s credit rating was downgraded due to pressure caused by the state\u2019s salary reform, which had been corrected in the meantime, and conditions to fulfil its debt service obligations maintained.<\/p>\n

\u201cThe recent assessment of the country\u2019s \u2018rating\u2019 was based on a retroactive framework, especially in the first months of the year, a period in which the impact of the salary reform was very high,\u201d Mozambican Minister of Economy and Finance, Max Tonela, told a press conference in Maputo.<\/p>\n

The minister expects that \u201cfrom the month of July the accounts will be back on track, according to the established projections\u201d, emphasising that the government\u2019s compliance capacity is solid following the corrections of flaws detected in the Single Salary Table (TSU).<\/p>\n

Last week, the financial rating agency S&P lowered the rating of debt issued in local currency to \u2018default\u2019 for 24 hours, reflecting delays in payments between February and May.<\/p>\n

The agency then placed the rating at a level below what it was before the temporary default.<\/p>\n

READ: https:\/\/clubofmozambique.com\/news\/mozambique-lc-ratings-temporarily-lowered-to-sd-on-delayed-payments-ccc-fc-ratings-affirmed-239631\/<\/p>\n

\u201cFor this year, we have, from the point of view of repayment of capital and interest\u201d on internal and external debt, resources estimated at US$1.5 billion and, \u201cat this moment, US$764 million have already been paid by the state,\u201d Minister Tonela said yesterday.<\/p>\n

The amount already disbursed for debt service corresponds to 48% of charges projected for this year under this heading, Tonela emphasized.<\/p>\n

\u201cThe government already has the conditions to continue fulfilling\u201d its obligations with internal and external creditors, he reaffirmed.<\/p>\n

In addition to corrective measures in the salary reform, Tonela added, the executive is also intending to diversify its sources for financing expenditure.<\/p>\n

The Minister of Economy and Finance underlined that the country\u2019s economy is following a growth trajectory apparent since last year, with gross domestic product (GDP) growth expected to reach 5% this year, up from 4.1% in 2022.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Mozambican government said on Tuesday that the country\u2019s credit rating was downgraded due to pressure caused by the state\u2019s salary reform, which had been corrected in the meantime, and conditions to fulfil its debt service obligations maintained. \u201cThe recent assessment of the country\u2019s \u2018rating\u2019 was based on a retroactive framework, especially […]<\/p>\n","protected":false},"author":84,"featured_media":41808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-41809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique says causes for rating downgrade resolved - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican government said on Tuesday that the country\u2019s credit rating was downgraded due to pressure caused by the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique says causes for rating downgrade resolved\" \/>\n<meta property=\"og:description\" content=\"The Mozambican government said on Tuesday that the country\u2019s credit rating was downgraded due to pressure caused by the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-02T17:14:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-02T18:10:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique says causes for rating downgrade resolved\",\"datePublished\":\"2023-07-02T17:14:54+00:00\",\"dateModified\":\"2023-07-02T18:10:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved\"},\"wordCount\":342,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved\",\"name\":\"Mozambique says causes for rating downgrade resolved - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg\",\"datePublished\":\"2023-07-02T17:14:54+00:00\",\"dateModified\":\"2023-07-02T18:10:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Mozambican government said on Tuesday that the country\u2019s credit rating was downgraded due to pressure caused by the ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg\",\"width\":800,\"height\":533,\"caption\":\"Mozambique says causes for rating downgrade resolved\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mozambique says causes for rating downgrade resolved\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mozambique says causes for rating downgrade resolved - Mozambique","description":"The Mozambican government said on Tuesday that the country\u2019s credit rating was downgraded due to pressure caused by the ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved","og_locale":"en_US","og_type":"article","og_title":"Mozambique says causes for rating downgrade resolved","og_description":"The Mozambican government said on Tuesday that the country\u2019s credit rating was downgraded due to pressure caused by the ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-07-02T17:14:54+00:00","article_modified_time":"2023-07-02T18:10:03+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Mozambique says causes for rating downgrade resolved","datePublished":"2023-07-02T17:14:54+00:00","dateModified":"2023-07-02T18:10:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved"},"wordCount":342,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved","name":"Mozambique says causes for rating downgrade resolved - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg","datePublished":"2023-07-02T17:14:54+00:00","dateModified":"2023-07-02T18:10:03+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Mozambican government said on Tuesday that the country\u2019s credit rating was downgraded due to pressure caused by the ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1688304872.643122.jpg","width":800,"height":533,"caption":"Mozambique says causes for rating downgrade resolved"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-says-causes-for-rating-downgrade-resolved#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Mozambique says causes for rating downgrade resolved"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/41809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=41809"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/41809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/41808"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=41809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=41809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=41809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}