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Financial rating: GCR confirms the A+ (wu) rating of TotalEnergies Marketing Côte d'Ivoire

12/10/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The GCR Rating Agency (“GCR”) confirmed TotalEnergies Marketing Côte d'Ivoire's long-term issuer rating of 'A+ (WU) 'on its regional rating scale with a stable outlook.

The rating of TotalEnergies Marketing Côte d'Ivoire is based on its good financial flexibility due to a largely sustainable level of debt and on its position as a leader in the highly competitive petroleum product distribution sector in Côte d'Ivoire. 39; Ivory, which provides him with increasing revenues, supported by significant sales volumes.

The stable outlook granted is defined by the fact that TotalEnergies Marketing Côte d'Ivoire should continue to take advantage of its leading position on the Ivorian petroleum product distribution market in order to increase its revenues and stabilize its margins.

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