Fitch affirms Banque Gabonaise

Fitch Ratings said it affirmed Banque Gabonaise de Developpement's long-term issuer default rating at B+ and short-term issuer default rating at B.

The agency also said it affirmed the bank's 10 billion in Gabonaise franc six-year bond at B+ with a recovery rating of RR4.

The outlook is stable.

Reflecting the bank's renewed public sector mandate and its close affiliation with the Gabonese state, Fitch said it has not assigned a viability rating to the bank.

The ratings are driven by potential support from the Gabonese state, if required, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.