African sovereign credit quality stable, says Moody's

The credit quality of sovereigns in Sub-Saharan Africa (SSA) over the next 12-18 months will be supported by strong infrastructure investment, structural reforms and competitiveness gains from currency depreciation, says Moody’s.

However, lower oil and commodity prices, uneven global growth, latent political risk and tighter external financing conditions pose challenges of different magnitudes to the region’s economies.

“We expect Sub-Saharan Africa to remain the world’s second-fastest growing region this year,” says Kristin Lindow, the primary author of the report and a senior vice president in Moody’s Sovereign Risk Group.

Read more: African sovereign credit quality stable, says Moody’s – FTSE Global Markets