Fitch has affirmed Congo’s rating at CCC+. The rating reflects a range of economic weaknesses, including high government debt, poor governance, and oil dependency. Debt-to-GDP is expected to rise to 93.4% in 2023, up from 92.5% in 2022, before declining to 90.1% in 2024. Fitch also expects the current account surplus to narrow in 2023 and turn into a deficit by 2025 due to lower oil prices and increased imports.