Angola dollar-bonds fall as Moody's eyes downgrade

LONDON: Angola's dollar-bonds fell 1.5 cents on Thursday to its lowest since end-December after Moody's put the country's credit rating on review for a downgrade.

The issue maturing in 2025 traded at 114.7 cents in the dollar, according to Thomson Reuters data.

Moody's said the decision to put the country's B2 rating on review was prompted by the deterioration of the government's balance sheet and an increase in gross borrowing requirements compared with the agency's expectations in October 2017.