BRIEF-Fitch affirms Rwanda at 'B+' outlook stable

viernes 27 de mayo de 2016 16:08 GYT
 

May 27 (Reuters) - Fitch On Rwanda

* Fitch affirms Rwanda at 'B+'; outlook stable

* Forecasts deficit to widen to 16.5% in 2016, primarily due to purchase of two aircraft by national airline

* Country ceiling has been affirmed at 'B+' and short-term foreign currency IDR at 'B'

* Deficit is forecast to narrow slightly, and to improve to 11.7% in 2017 due to monetary and fiscal policy tightening

* Forecasts overall budget deficit for FY16 to remain flat at 5.0% of GDP narrowing to 3.6% in FY17 and 3.1% in FY18

* Forecasts GDP growth to moderate to 6.0% for 2016 and 2017

* Sharp reduction in donor flows would significantly impair Rwanda's credit profile Source text for Eikon: Further company coverage: [ ] (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)