February 13, 2026, S&P Global Ratings a confirmed its long-term “B-” rating and its “B” performance rating. La The outlook attached to this rating is stable.

Rating agency S&P Global Ratings has announced in a press release that Angola remains vulnerable to fluctuations in oil prices abroad, with downside risks arising from of a drop in domestic oil production. The 2026 budget indicates a reduction in expenses.

Finances remain at risk of slippage, especially as we approach 2027. While the plan to reduce the Debt by 2026 aims to improve the sovereign debt profile, Angola still has significant debt service obligations.

These stable prospects make up for the vulnerability of the country at market conditions, as well as its fiscal position more fragile and its significant financing needs.

A downgrade could occur in the next 12 months in case of fiscal difficulties or external factors. Les performances have deteriorated. This could be due to tax expenditures more important than expected.