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BRIEF-Moody's says Gabon's credit challenges include reliance on oil and low institutional strength
June 6, 2017 / 1:22 PM / 3 months ago

BRIEF-Moody's says Gabon's credit challenges include reliance on oil and low institutional strength

June 6 (Reuters) - Moody‘s:

* Moody’s says Gabon’s credit challenges include reliance on oil and low institutional strength

* Moody’s says government of Gabon’s B1 rating and negative outlook reflect a range of credit challenges, including the country’s very low institutional strength

* Moody’s says natural decline in oil production constrains Gabon’s medium-term growth at around 3%

* Moody’s - projects that Gabon’s fiscal deficit based on commitments will fall to about 0.8% of GDP in 2017, from an estimated 4.2% in 2016 Source text for Eikon:

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