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Senior bonds: WARA renews FCTC's "tAAA" rating Nsia Banque 7% 2020-2025

03/11/2021
Categories: Companies

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At the end of its half-yearly review, West Africa Rating Agency (WARA) affirmed the long-term rating in regional currency "tAAA" of the "senior" bonds of the FCTC NSIA BANQUE 7% 2020-2025. With an initial amount of 40 billion FCFA, these bonds have a maturity of 5 years. For reference, this rating of “tAAA” is the maximum rating allowed by the regional rating scale. The outlook remains stable. At the same time, WARA also affirmed the Credit Estimate rating of "ec.A/Stable/w-3" to NSIA Banque Côte d'Ivoire, the Assignor of the securitization transaction.

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