GCR Ratings (“GCR”) maintained CGF Bourse's management rating at 'QSG-1' (wu) on October 3, 2023. The outlook for this rating remains stable.

CGF Bourse remains the first management and intermediation company (SGI) approved in UEMOA and based in Senegal. This rating, equivalent to 5 stars, is the maximum score that an SGI can obtain from GCR on its regional CMS management quality scale. CGF Bourse's QSG-1 score is equivalent to a total weighted score of 1.67. CGF Bourse has a good capacity for innovation, both in terms of products and in terms of distribution channels. CGF Bourse offers all asset classes available in the sub-region, both to retail and institutional clients, through several distribution channels, including digital

GCR justifies the stable outlook attached to the CGF Bourse rating by the fact that CGF Bourse should remain in the pole position of West African SGIs, given its historical know-how, its deep roots in subregional capital markets, the excellence of its technical and operational expertise and the loyalty of its customers.