Bondholders Facing Zambia Haircut Cast Wary Eyes Over Africa

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

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…

Source link

Tags: , ,
About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free