Fitch affirms Banque of Gabonaise

Fitch Ratings said it affirmed Banque Gabonaise de Developpement's long-term issuer default rating at B+, short-term issuer default rating at B, individual rating at D/E, support rating at 4 and support rating floor at B+.

The outlook is stable.

The ratings are based on the potential support expected from the Gabonese government, in case of need, Fitch said.

However, the agency said it considers the probability of such support limited given the weak credit quality of the state.

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