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Republic of Gabon assigned Ba3 rating with stable outlook
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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