The financial rating agency Moody's ratings (Moody's ) completed a periodic review of Benin's ratings and other ratings associated with this transmitter. The review was conducted by an evaluation committee convened February 12, 2026.

During the periodic review of Benin's ratings During the course, the agency reassessed the relevance of the ratings in the context of the main relevant methodology (s) and recent developments. Les main elements taken into account for the evaluation and their justification are summarised below.

“Benin's ratings, including its rating of long-term issuers B1, recognize the strong growth prospects of the economy, the moderate level of public debt and stability macrofinancial resulting from participation in Economic and Monetary Union West African (uemoa ), offset by regional geopolitical risks and revenue public authorities and household incomes are still low, although improving.

The Beninese economy has grew by 7.9% on average during the first three quarters of 2025 and we expect sustained growth, of the order of 6.5% to 7% per year until the end of the decade. This growth will be supported by development Continued development of the Glo-Djigbé Industrial Zone (ZIDGD), the sustained momentum infrastructure and agro-industry projects, the expansion of the port of Cotonou and the country's rise as a tourist destination. We are planning prudent fiscal management, with the 2026 budget aiming for a deficit of 2.7% of GDP. Public debt is expected to gradually decrease to around 50% of GDP by the end of 2027, according to our projections. Authorities continue to promote prudent debt management, in particular through the use of longer-term external financing, the diversification of sources of financing illustrated by a first Sukuk issue in January and proactive liability management operations,” the agency said