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Financial rating: S&P enhances Benin's rating outlook

01/11/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The American credit rating agency S&P is counting on a robust Beninese economy and minimizing the impact of sanctions on Niger.

S&P has raised Benin's outlook from “Stable” to “Positive”, while maintaining its B+ rating. According to the Beninese authorities, this decision by the rating agency, taken in an international and regional climate marked by various instabilities, “places Benin as the only African country with a positive outlook with S&P”. The agency said that despite several external shocks, Benin is showing robust economic growth, regularly surpassing more than 6%. It also anticipates an increase of 6% for the year 2023

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