Low growth, politics pose risk to sub-Saharan countries - Moody's

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Johannesburg – Liquidity stress, poor economic growth and political risk are contributing to the negative outlook placed on sub-Saharan African (SSA) countries by rating agency Moody’s.

In a report issued by Moody’s on Monday, it explained economies of the region would continue to face commodity-induced liquidity stress, recurring fiscal deficits and challenging financing conditions.

"These will remain important credit constraints and underpin our negative outlook for Sub-Saharan Africa sovereigns overall," stated Lucie Villa, senior analyst and a vice-president at Moody’s.

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