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Credit rating: Société Générale Côte d'Ivoire obtains an AA+ grade

22/07/2022
Categories: Companies

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The banking institution Société Générale Côte d'Ivoire (SGCI) has obtained a long-term AA+ rating from the credit rating agency Bloomfield Investment Corporation with a stable outlook.

The credit quality described as “very high” was the reason for awarding this grade. She is of the opinion that the protective factors are very strong. The agency points out that investment risks could increase. As for the A1 grade with a stable, short-term outlook, awarded by the agency, it is justified by “the very high certainty of timely reimbursement.” Here, the risk factors are described as minor by the rating team. Bloomfield noted that Société Générale Côte d'Ivoire's rating is based on positive factors.

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