BRIEF-S&P affirms Republic of Congo’s foreign currency ratings at ‘CCC+/C’, maintains stable outlook

Sept 22 (Reuters) – S&P Global Ratings:

* S&P says Republic of Congo foreign currency ratings affirmed at ‘CCC+/C’; outlook stable

* S&P says “Republic of Congo’s institutions are fragile, debt payment culture is weak, legal risk on debt service persists”

* S&P says republic of Congo’s “economy is weak and largely dependent on oil production” Source text (bit.ly/2xouGkU)

Source
Reuters: Congo News




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