RATING AGENCIES ARE CONCERNED ABOUT GABON’S ECONOMIC SITUATION! LES AGENCES DE NOTATION S’INQUIÈTENT DE LA SITUATION ÉCONOMIQUE DU GABON!
English version At the moment, major credit rating agencies are taking a particularly harsh view of Gabon's macroeconomic trajectory, highlighting a rapid deterioration of public finances and acute liquidity pressures. Fitch recently affirmed Gabon's sovereign rating at "CCC-" on May 22, 2026 (following an initial downgrade to this level in December 2025). This rating indicates a very high refinancing and default risk. The agency justifies this position with several critical imbalances: Exploding budget deficit: The deficit widened to reach approximately 12.2% of GDP in 2025. This situation is primarily due to a sharp increase in public investment spending (which reached 11% of GDP, compared to a historical average of 2.7%). Accumulation of arrears: To finance this deficit, the state has massively accumulated payment arrears, estimated at 4.8% of GDP at the end of 2025. Public debt slippage: Fitch estimates that the debt-to-GDP ratio climbed to 81.1% in 2025 (up fro...