Financial rating: Bolloré Transport & Logistics Côte d'Ivoire's ratings under surveillance : Orishas-finance

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Financial rating: Bolloré Transport & Logistics Côte d'Ivoire's ratings under surveillance

29/01/2023

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Financial rating: Bolloré Transport & Logistics Côte d'Ivoire's ratings under surveillance

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GCR Ratings (“GCR”) has placed the long-term issuer rating of Bolloré Transport & amp; Logistics Côte d'Ivoire from 'A+ (WU) 'under surveillance on 27 January 2023 with an evolving perspective. In the short term, the A1 (WU) grade is also placed under Supervision.

Continuation of the announcement by Bolloré Group de la cession de 100% de ses activités logistiques en Afrique, dont Bolloré Transport & Logistics Ivory Coast , to the MSC Group, the rating of Bolloré Transport & Logistics Côte d' Ivoire has been placed under surveillance. Indeed, after the transaction, GCR does not have sufficient information about the MSC Group and its strategic orientations. The impact of the transaction on Bolloré Transport & Logistics Côte d'Ivoire's credit profile can be negative as well as positive. This implies an evolving perspective.

Bolloré Transport & Logistics Ivory Coast participated in the scoring process through written correspondence, virtual meetings, and teleconferences. Noted that the quality of the information received was deemed adequate and was independently verified to the extent possible.

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