Banking activities: Bloomfield changes BOA Côte d'Ivoire's rating to A+ : Orishas-finance

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Banking activities: Bloomfield changes BOA Côte d'Ivoire's rating to A+

14/07/2023

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Banking activities: Bloomfield changes BOA Côte d'Ivoire's rating to A+

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The long-term rating of BOA Côte d'Ivoire bank changes from A with a stable outlook to A+ with a stable outlook. The Bloomfield agency has updated this note, which it published on July 12

Bloomfield changes BOA Côte d'Ivoire's rating from < > to <>. The agency has left the short-term rating, which is A1-, unchanged, with a stable outlook. The validity period of the rating is from May 2023 to April 2024.

High credit quality has been put forward as a reason for the long-term grade. According to Bloomfield, protective factors are good. However, the agency maintains that risk factors are more variable and more important in times of economic pressure.

In the short term, Bloomfield's rationale is <>. According to the rating agency, liquidity factors are strong and supported by good factors to protect essential elements. Added to this is the fact that the risk factors are very low.

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