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Wara gives Bolloré an A+ rating

10/01/2022
Source : ORISHAS FINANCE
Categories: Index/Markets

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In a press release, the rating agency Wara claims to have again assigned the long-term rating "A+" to Bolloré Transport & Logistics CI , with outlook remaining stable, at the end of its second review. The short term rating is “w-2”. Internationally, WARA rates Bolloré Transport & Logistics CI with iBB- /Stable/iw-5.

Bolloré Transport & Logistics CI offers logistics solutions in all business sectors that govern the country's economic life. The company is the subsidiary of the Bolloré Africa Logistics group, itself owned by the Bolloré group, based in France. In 2020, despite the global health crisis, Bolloré Transport & Logistics CI maintained a significant level of profitability, liquidity and financial flexibility.

Its rating reflects a leading position in the logistics sector, a very competent management team, a very healthy financial situation and a presence in a buoyant sector with very attractive medium-term growth prospects. However, Bolloré Transport & Logistics CI is constrained by a highly competitive logistics market in Côte d'Ivoire, dragging margins down and therefore offering little incentive to invest.

Provided by AWS Translate

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