Ratings: Foreign and Local Currency: B-/Stable/B For further details see ratings list. Angola's government debt stock increased sharply in the last two years with the trend continuing into 2018 as a result of sizable fiscal deficits and currency devaluation. The new administration has embarked on reforms, including a challenging fiscal consolidation plan and economic diversification strategy. We expect the accumulation of government debt to slow significantly until 2021. We are therefore affirming our 'B-/B' long- and short-term sovereign credit ratings on Angola. The stable outlook balances our expectation that economic growth will accelerate against risks that the government's net debt position could deteriorate beyond our expectations in the next 12 months. On Feb. 9, 2018, S&P Global Ratings affirmed its
