Reuters logo
BRIEF-Moody's says Papua New Guinea's B2 rating reflects significant pressure on government financing, external liquidity
May 12, 2017 / 2:58 AM / 6 months ago

BRIEF-Moody's says Papua New Guinea's B2 rating reflects significant pressure on government financing, external liquidity

May 11 (Reuters) -

* Moody’s -Papua New Guinea’s B2 rating reflects significant pressure on government financing and external liquidity

* Moody’s on Papua New Guinea- Expect government’s revenue performance to remain subdued because of persistent weak domestic demand and low commodity prices

* Moody’s - Papua New Guinea’s credit challenges also stem from weaknesses in governance, security, low incomes and poor infrastructure

* Moody‘s- Stable outlook balances weak near-term growth outlook against more robust prospects over the longer term

* Moody’s on Papua New Guinea- Forecast real GDP growth of around 3% in coming years as economy adjusts to lower commodity prices than in H1 of decade Source text for Eikon:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below