Financial rating: Standard & Poor's raises Benin's score, outlook positive : Orishas-finance

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Financial rating: Standard & Poor's raises Benin's score, outlook positive

03/11/2023

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Financial rating: Standard & Poor's raises Benin's score, outlook positive

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The American credit rating agency raises Benin's score with the country's economic outlook changing from “stable” to “positive”.

S&P evokes a “robust” Beninese economy, and minimizes the impact of sanctions on Niger. The American rating agency seems to be reassured by economic growth. According to projections, Benin's GDP should continue to increase by more than 6% each year until 2026. S&P also mentions the risk of military intervention by the style="font-family: "Bookman Old Style”, "serif""> ECOWAS “who walks away”

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