Global credit ratings agency S&P Global Ratings has revised the sovereign outlook for the Democratic Republic of Congo (DRC) from stable to positive, citing expected progress on fiscal reforms, stronger mining performance and improved economic fundamentals, according to Reuters.
S&P affirmed Congo’s existing “B‑” long‑term and “B” short‑term credit ratings but said the upgrade in outlook reflects confidence that ongoing measures to strengthen tax administration, fiscal performance and foreign exchange reserves will support macroeconomic stability. MarketScreener also highlighted the pivotal role of robust copper and cobalt exports in underpinning growth, with real GDP expected to expand at an average of about 5 percent through 2028 as global demand for key minerals remains firm.
The positive outlook comes as the DRC prepares for its debut $750 million Eurobond issuance, a move finance officials hope will be bolstered by S&P’s revised assessment. Finance Minister Doudou Fwamba Likunde welcomed the change, saying it reinforces investor confidence and recognises the government’s efforts to strengthen macroeconomic resilience.
S&P noted that risks remain, including commodity price volatility and ongoing security challenges in the eastern part of the country that continue to strain public finances. Nevertheless, the outlook revision is seen as a vote of confidence in Congo’s reform momentum and the long‑term growth potential of its mining‑led economy.
