Moody's watching Gabon coup events, Niger review still pending

The two countries have seen West and Central Africa's seventh and eighth coups in the last three years, and while Niger's Caa2 rating has already been cut by two full notches by Moody's, the firm has maintained a "stable" outlook on its slightly higher Caa1 Gabon score for the time being.

He said the likelihood of economic and financial sanctions being imposed on Gabon, and what shape they would take, remained the big uncertainty at this early stage. He added the coup was also likely to have an impact on the support it receives from the international community and could further hamper an already-wobbling International Monetary Fund programme.

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Moody's watching Gabon coup events, Niger review still pendingMoody's next move on Gabon's credit rating following the country's military coup this month will depend on its economic impact, while it is also working through another downgrade review of Niger following its coup there in late July.
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