Fitch Downgrades Gabon to 'CCC'

Fitch Ratings has downgraded Gabon's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'B'.
Fitch Ratings has downgraded Gabon's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'B'.
Moody's Investors Service has downgraded the Government of Gabon's issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative.
Moody's Investors Service has downgraded the long-term issuer and senior unsecured debt ratings of the government of Gabon to B3 from B1 and maintained the negative outlook.
Fitch Ratings has revised the Outlook on Gabon's Long-term foreign and local currency Issuer Default Ratings (IDR) to Negative from Stable and affirmed the IDRs at 'B+'. The issue ratings on Gabon's senior unsecured foreign currency bonds have also been affirmed at 'B+'. The Short-Term IDR has been affirmed at 'B'. Fitch has also affirmed the Country Ceiling for the Communaute Economique et Monetaire d'Afrique Centrale (CEMAC) and for Gabon at 'BBB-'.