The Rating Agency Fitch Ratings a confirmed the long-term issuer default rating (IDR) in foreign currencies of Benin at “B+”. The outlook has been raised from stable to positive.

Benin's IDR “B+” rating testifies also a record of structural reforms, promoting diversification progressive growth in the economy, and a favorable debt composition. These strengths contrast with weak structural indicators compared to its peers, an economy that is relatively small and dependent on trade with the Nigeria, and a high level of informal economy limiting revenue public. The risks associated with regional tensions also weigh on the rating.

fitch estimate Benin's real GDP growth to 7.5% in 2025 and is forecast to will maintain above 6.5% in 2026-2027, significantly above the median of 4.5% expected for category B countries. This growth is supported by a widespread expansion, driven by the continued rise in agricultural production, the increase in industrial production and the development of services, in particular tourism and stimulated activities through the port of Cotonou and major infrastructure projects.

The revision of the outlook reflects the solid prospects for economic growth in Benin and the commitment of the authorities in in favor of prudent fiscal management, which supports a trajectory of public debt/GDP falling in the medium term.