Gabon’s Dollar Bonds Fall After Fitch Warns of Default Risks

Fitch Ratings warned of an “inherent risk” of default by Gabon amid mounting concern over whether the oil-producing nation will formally ask the International Monetary Fund for a loan program.

The nation’s dollar-denominated bonds across maturities were among the worst performers in emerging markets. The 2031 securities fell for a second session Tuesday, slipping by more than 1 cent on the dollar to trade at 82.41 cents as of 16:00 p.m. in London.