Mozambique's local currency debt assessment has been downgraded to CCC due to increasing unrest following disputed elections.

The ongoing protests have had a severe impact on the nation's economy, raising concerns about the government's ability to manage its domestic debt obligations.

Analyst Leon Bezuidenhout has pointed out that the turmoil is likely to worsen the government's already strained financial situation.

The unrest has caused significant disruptions, further complicating Mozambique's economic landscape and increasing the risk of a potential debt default.