Fitch affirmed Angola’s long-term sovereign credit rating at ‘B-’ and short-term at ‘B’, with a stable outlook. Fitch noted weakening fiscal positions and large funding needs over the next 12 months, but these are balanced by FX buffers and oil revenues expected to remain supportive through 2028. Risks include debt-servicing pressures or further exchange rate shocks. A positive rating move would require stronger, sustained growth and reduced debt-servicing costs.