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Gabon: a tough nut to crack

The year started badly for Gabon with Standard & Poor’s downgrading its long-term sovereign credit rating due to the fall in the price of oil, the country’s biggest source of revenue.

Gabon: a tough nut to crack Gabon: a tough nut to crack Gabon: a tough nut to crack Gabon: a tough nut to crack Gabon: a tough nut to crack

The downgrade to B from B+ in February, as well as the agency's decision to scrap its earlier assessment of a ‘stable outlook', was hardly a surprise. But it did demonstrate, said analysts...