Ratings: Foreign and Local Currency: B-/Stable/B For further details see ratings list. We expect Angola's government debt stock to continue to rise in 2018 largely as a result of the devaluation of the kwanza at the start of 2018 and its subsequent depreciation, but also due to ongoing fiscal deficits. We forecast an average Brent oil price of close to $60 over 2018-2021, which will help narrow Angola's twin deficits over the medium term. We are therefore affirming our 'B-/B' long- and short-term sovereign credit ratings on Angola. The outlook is stable. On Aug. 10, 2018, S&P Global Ratings affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Angola. The outlook is stable. The stable
