Bondholders Facing Zambia Haircut Cast Wary Eyes Over Africa


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Bondholders are facing “significant losses” as Zambia battles to bring its debt under control, according to Moody’s Investors Service. They’re now asking: who’s next?

The southern African country this week asked for a six-month interest-payment holiday to give it “breathing space” for a debt restructuring, a move that may buy it time but won’t do anything to solve its longer-term debt problems, Moody’s said.

In his…



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