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BRIEF-S&P revises Republic of Congo’s sovereign credit rating to CCC+ from SD
September 5, 2017 / 10:28 PM / 20 days ago

BRIEF-S&P revises Republic of Congo’s sovereign credit rating to CCC+ from SD

Sept 5 (Reuters) -

* S&P revises Republic of Congo’s sovereign credit rating to CCC+ from SD

* S&P says Republic of Congo FC ratings raised to ‘CCC+/C’ after U.S. Court unblocks bond payments; outlook stable‍​

* ‍S&P says raising its foreign currency ratings on Congo to ‘CCC+/C’ from ‘SD/D’, also affirming its ‘B-/B’ local currency ratings​

* S&P says while we believe direct legal risks to Republic of Congo's debt servicing have abated, country's institutions are fragile, economy is weak Source text: (bit.ly/2etpzXo)

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