Rating Actions in Foreign Currency on May 24, 2022 S&P Globa | Cbonds Global

Rating Actions in Foreign Currency on May 24, 2022

S&P Global Ratings affirmed Papua New Guinea at 'B-' changed outlook to stable from negative.

Reasons: "The stable outlook reflects our assumptions that fiscal consolidation efforts and policies included in an International Monetary Fund program will continue over the next year. This will help to narrow fiscal deficits and stabilize the country's debt burden."S&P's press release.