Fitch revises Gabon view to stable

Fitch Ratings said it affirmed Gabon's long-term foreign-currency issuer default rating at B-, removed it from rating watch negative and assigned a stable outlook.

“The removal from RWN reflects easing of political uncertainties following the formation of a transitional government including people from the civil society, members of the opposition and of the former Bongo's administration. The regime plans to organize a national dialogue to draft a new constitution and electoral code in order to hold free and fair elections, scheduled for August 2025,” Fitch said in a press release.

The improved outlook reflects the position that high oil prices and improved mobilization of non-oil revenues will buoy Gabon's fiscal position allowing debt/GDP to decline, the agency said.

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