Moody's Investors Service has today assigned to Banco Angolano de Investimentos S.A. (BAI) Ba3/Not-Prime global local-currency (GLC) deposit ratings and a b1 standalone baseline credit assessment (BCA), equivalent to a standalone bank financial strength rating (BFSR) of E+.
Moroccan insurance company Saham Finances has bought the second-largest insurance provider in the Angolan market, AG Angola Seguros SA, for an undisclosed amount, it confirmed on Thursday.
Fitch Ratings has affirmed Angola's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' with a Positive Outlook. Fitch has also affirmed the Country Ceiling at 'BB-' and Short-term IDR at 'B'.
The Fundo Soberano de Angola (FSDEA) announced today that the Government of Angola has appointed Deloitte as independent auditors of the Fund’s financial accounts, as originally prescribed in the bylaws of the FSDEA, to ensure the highest level of transparency across all of its areas of business.
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