Moody’s reviews DRC debt outlook to positive

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A view of a street in Kinshasa, Democratic Republic of Congo on December 21, 2016.

Photo credit: Reuters

Credit rating agency Moody’s has revised its outlook on the DR Congo to positive from stable after the country paid expensive debt using cash raised through a Eurobond issue.

The agency maintained the country’s long term foreign and local currency issuers ratings at Caa2.