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BRIEF-S&P says Ethiopia 'B/B' sovereign ratings affirmed; outlook stable
April 21, 2017 / 3:49 PM / 5 months ago

BRIEF-S&P says Ethiopia 'B/B' sovereign ratings affirmed; outlook stable

April 21 (Reuters) - S&P:

* S&P says Ethiopia ‘B/B’ sovereign ratings affirmed; outlook stable

* S&P on Ethiopia - ratings are primarily constrained by sovereign’s weak external position, low monetary policy flexibility, limited institutional effectiveness

* S&P says expect that Ethiopia’s external position will remain weak over 2017-2020

* S&P on Ethiopia - project that direct general government debt will amount to about 28% of GDP in 2017

* S&P on Ethiopia - stable outlook reflects expectation that economic performance will remain robust and socio-political tensions will not escalate

* S&P on Ethiopia - despite several pockets of drought, project Ethiopia’s strong economic performance will continue over 2017-2020

* S&P on Ethiopia - could lower the ratings if socio-political tensions escalated over the next 12 months; economic growth slowed Source text (bit.ly/2pLuY15)

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