Mozambique: a future gas eldorado on the brink of selective default (S&P)

Maputo remains under pressure. In a note published on March 27, 2026, S&P Global Ratings confirmed Mozambique’s sovereign rating at ‘CCC+’ in foreign currency, with a negative outlook, and maintained the local currency rating at ‘SD’ (selective default). This decision, far from trivial, confirms a reality that is now well established: the country is operating…...