The rating agency GCR revised CFAO Motors Côte d'Ivoire's long-term issuer rating from 'A+ (WU) 'to 'AA- (WU)' on its regional rating scale on July 25 with a stable outlook.

La révision de la notation of CFAO Motors Côte d'Ivoire (CFAO Motors CI) is based on its solid financial performance. There is also revenue growth supported by its flagship brands Suzuki by CFAO and Toyota. Also, the company's position as a leader in the Ivorian market for the sale of new vehicles allows it to benefit from the dynamism of the sector, which remains highly competitive

The stable outlook attached to the CFAO Motors CI rating is justified by the fact that the company has an important competitive position, with proven comparative advantages that will be difficult for the competition to undermine