Congo-Brazzaville: Moody's Raises Congo Republic Outlook On Debt Refinancing

Moody's Ratings raised the Republic of Congo's outlook to positive from stable after the country returned to international capital markets and reduced near-term debt refinancing risks.

The agency affirmed Congo's long-term foreign and local currency sovereign ratings at Caa2. Moody's said regional debt refinancing and public finance reforms linked to a planned IMF-supported program were key reasons for the outlook change.

Congo has faced liquidity pressure in recent years. In October 2024, the government extended maturities under its National Cash Optimization Plan, a move Moody's compared to a coercive debt exchange. The country also faced payment delays on the regional market in early 2025.