Rating Actions in Foreign Currency on January 21, 2022 S&P G | Cbonds Global

Rating Actions in Foreign Currency on January 21, 2022

S&P Global Ratings affirmed Azerbaijan at 'BB+' with a stable outlook.

Fitch Ratings:

affirmed Bulgaria at 'BBB' with a positive outlook.

upgraded Angola to 'B-' with a stable outlook.

Reasons: "The upgrade of Angola's IDRs reflects the following key rating drivers and their relative weights. There has been a significant improvement in the country's fiscal and external metrics underpinned by a return to positive economic growth, sound fiscal management and higher oil prices. " Fitch's press release.