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BRIEF-S&P lowers Democratic Republic of Congo's sovereign credit rating to ccc+ from b-
August 4, 2017 / 8:28 PM / 4 months ago

BRIEF-S&P lowers Democratic Republic of Congo's sovereign credit rating to ccc+ from b-

Aug 4 (Reuters) -

* S&P lowers Democratic Republic of Congo’s sovereign credit rating to ccc+ from b-; raises outlook to stable from negative

* S&P says democratic republic of congo downgraded to ‘ccc+’ on rising political and economic risks; outlook stable‍​

* S&P says don’t expect Democratic Republic of Congo to benefit from IMF and other donor support without political crisis being resolved

* S&P - outlook on Democratic Republic of Congo reflects no commercial debt maturing in next year, stabilizing copper, high cobalt prices should support exports

* S&P says expectation that Democratic Republic of Congo’s general government debt will remain limited and mainly concessional continues to be rating support

* S&P says Democratic Republic of Congo’s political and social risks are increasing‍​ Source text for Eikon:

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