Gabon | - Part 3

Moody’s affirms Gabon’s Ba3 ratings; outlook stable

Libreville, Gabon, Capital Markets in Africa —- Moody’s Investors Service has today affirmed the Republic of Gabon’s Ba3 issuer and government bond ratings. The outlook is stable. The key drivers behind Moody’s decision to affirm the Ba3 ratings are: (1) Moody’s expectation that the oil shock-induced deterioration in the government’s debt profile will reverse from 2017 onwards and will remain in line with similar rated peers; (2) the country’s membership of the Economic and Monetary…

Gabon’s Ba3 rating balances wealth and sound public finances with risks stemming from low oil prices

Posted on by The Editorial Team

Gabon’s Ba3 rating is supported by its oil- wealth, relatively sound public finances and membership of the Franc Zone, Moody’s Investors Service says in its latest Credit Analysis for the country published recently. However, a relatively undiversified economy and the government’s reliance on oil-derived revenue are among the factors which constrain its rating. “The key challenge for Gabon’s government is to stick to its plan to diversify the economy, while maintaining sound public finances at…

Republic of Gabon assigned Ba3 rating with stable outlook

Posted on by The Editorial Team

Moody’s had assigned first-time local and foreign-currency issuer ratings of Ba3 to the government of the Republic of Gabon and the outlook on the ratings is stable. The key credit strengths underpinning the Ba3 rating of the Republic of Gabon include (1) robust growth prospect, (2) strong government balance sheet, and (3) reduced external vulnerability afforded by its membership of the CFA franc zone. These are balanced by credit constraints that include (1) the high reliance…

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