This is very positive for FFX going forwards...New York, March...

This is very positive for FFX going forwards...

New York, March 22, 2021 -- Moody's Investors Service ("Moody's") has today affirmed the Government of Mali's Caa1 long-term issuer ratings and has changed the outlook to stable from negative.

Moody's decision to change the outlook to stable from negative is underpinned by the stabilisation of Mali's political situation following the August 2020 coup d'état. A transitional government has been established, endorsed by regional partners and the international community. The risks supporting the negative outlook identified in the September 2020 rating action have significantly reduced, such as missed government debt payments with meaningful losses for investors if the financial and economic sanctions imposed by regional bodies had been maintained, a very large deterioration of public finances, and the loss of the international community's financial backing as well as military support in the fight against extremist violence.