S&P Upgrades Congo Credit Outlook Before First Eurobond Offering
The Birere shopping center in Goma, capital of North Kivu province in eastern Democratic Republic of Congo this month.
Photographer: Glody Murhabazi/AFP/Getty Images
S&P Global Ratings upgraded the outlook on the Democratic Republic of Congo’s sovereign credit rating, as the country prepares its first-ever eurobond offering.
It raised the outlook on Congo’s B- rating — six notches below investment grade — to positive from stable, according to a statement on Friday.