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Gabon Bonds Surge After Government Audit Finds Lower Debt Stock
Source: Bloomberg
Sovereign Debt & RatingsEmerging MarketsCredit & Bond Markets
Gabon’s bonds surged after a government audit put the country’s debt stock at $16.7 billion, nearly 20% below the initial estimate. The lower debt burden improves the sovereign’s perceived credit profile and debt-servicing outlook, supporting its bond prices.
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