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Financial rating: Fitch Ratings confirms the BB- sovereign rating for Ivory Coast

29/07/2021
Categories: Economy/Forex

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Rated Ba3 by Moody's, Côte d'Ivoire obtained a BB- rating with a stable outlook from S&P and Fitch, thus confirming its good economic performance. The country is now part of the circle of "double B" category ratings of the three largest international rating agencies.

In its latest report on Côte d'Ivoire, the American rating agency Fitch Ratings decided to raise the country's financial rating, assigning it a BB- rating with a stable outlook, against “B+” with a positive outlook previously. This improvement in the country's rating makes Côte d'Ivoire the third highest rated African country by the institution, and the second in sub-Saharan Africa, behind Morocco and Botswana respectively. This rating comes shortly after that of the Standard and Poor's agency, which had also decided to raise the sovereign rating of the country to BB- with a stable outlook, thus ranking it in 2nd place among the best-rated sub-Saharan African countries. , just behind Botswana (BB+) and at the same level as South Africa.

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