Fitch affirmed Mozambique’s sovereign rating at CCC+ but withdrew the CCC+ long-term local-currency IDR. While there are concerns like elevated debt, fiscal deficits, and a challenging security situation, positive developments include an agreement with the IMF and progress in the liquefied natural gas (LNG) sector. Fitch expects real GDP growth to accelerate to 6.4% in 2023 and 4.9% over 2024-2025, from 4.2% in 2022, primarily driven by the LNG sector.