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BRIEF-S&P says Papua New Guinea ratings affirmed at 'B+/B'; outlook remains negative
April 6, 2017 / 4:35 AM / in 6 months

BRIEF-S&P says Papua New Guinea ratings affirmed at 'B+/B'; outlook remains negative

April 6 (Reuters) -

* S&P - Papua New Guinea ratings affirmed at ‘B+/B’; outlook remains negative

* S&P - Papua New Guinea outlook remains negative, reflecting the risk that external and fiscal imbalances remain large for an extended time

* S&P-Papua New Guinea ratings reflect constraints inherent in lower middle-income economy dependent on extractive industries, served by weak institutions

* S&P - in the near term, low global energy prices continue to weigh on the Papua New Guinea economy, export receipts, and government revenues Source text - bit.ly/2p3qZLY

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