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Moody's Investors Service: BOAD's outlook changed to negative, the rating confirmed to Baa1

25/09/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Le vendredi 22 septembre 2023 Moody's Investors Service (Moody's) a modifié la perspective de stable à négative pour la Banque ouest-africaine de développement ( BOAD ) and confirmed the issuer's long-term currency ratings and the unsecured senior currency ratings at

Baa1.

L'affirmation de la note Baa1 reflète l' opinion de Moody's according to which the The risk of regional conflict remains low at this stage despite increasing political instability in the Sahel region. The economic and financial sanctions against Niger lead to an accumulation of arrears that will negatively affect the performance of BOAD's assets and, eventually, the adequacy of its capital, but also long-lasting tensions between the military juntas and the rest of the serif""> Economic Community of West African States (ECOWAS). The second factor explaining this negative outlook is the likely deterioration of BOAD's asset performance, in particular as a result of the imposition of economic and financial sanctions on Niger by the ECOWAS and

UEMOA.
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