The financial rating agency, Bloomfield has confirmed the A- grade for 2020 with a Stable Outlook from the African Guarantee and Economic Cooperation Fund (FAGACE). For almost three (3) years, the company has signed up for a voluntary financial rating process.

With the renewal of its rating, Bloomfield confirms the solidity of FAGACE's fundamentals, under the same conditions, in a context of global economic crisis. For the second year in a row, FAGACE obtained the following ratings: long-term grade A-, with a stable outlook (investment grade); short-term A2 grade, with a stable outlook (investment grade).
Bloomfield notes that these ratings reflect high credit quality and good protection factors over the long term. Furthermore, in the short term, the report indicates that the certainty of timely repayment is good. Liquidity factors and corporate essentials are healthy, although ongoing funding needs may increase total funding requirements. Access to capital markets is good and risk factors are minimal.

This rating is also based on the implementation of the 2017-2020 strategic plan with the revision of internal procedures, actions to strengthen the risk management system, and the coherence of the new strategy through the 2021-2025 Plan, which provides for further modernization of FAGACE.