Moody’s has revised Mozambique’s outlook to stable from positive while maintaining its long-term issuer and senior unsecured debt ratings at Caa2. The update mirrors Moody’s anticipation of Mozambique enduring fiscal strains and liquidity challenges in the short to medium term, possibly causing further debt repayment delays. The nation’s fiscal pressures are compounded by multiple factors, including security challenges, impending elections, and climate-related events, limiting its capacity to counteract shocks.