Moody's: Papua New Guinea stable

Moody's Investors Service said that the outlook for Papua New Guinea's B1 local and foreign government bond ratings remains stable.

Moody's said the ratings are based on its assessment of four factors: very low degree of economic and institutional strength balanced against medium government financial strength and a low susceptibility to event risk.

Though growth prospects compare favorably with most rating peers, Moody's said its assessment of Papua New Guinea's economic strength is constrained by a low level of economic development and a lack of economic diversification. Inflation remains high, with robust domestic demand pushing against capacity constraints.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.