GCR ratings (GCR) raised ONATE-SA's (Moov Africa Burkina Faso) long-term issuer rating from 'BBB+ (WU) 'to 'A (WU)' on 31 October 2023 on its regional rating scale with a stable outlook. The short-term issuer rating is increased from 'A2 (WU) 'to 'A1 (WU)

The improvement in ONATEL-SA's (Moov Africa Burkina Faso) rating reflects the resilience of its financial profile, anchored by the company's ability to maintain high margins and solid financial levers. The rating agency expects the company to continue to show similar profitability, despite the security situation in Burkina Faso that limit the growth potential of its activities. onatel-SA (Moov Africa Burkina Faso) maintained its gross operating surplus margin at 46.7% in 2022 (2021:50.2%; 2020:51.5%; 2019:49.4%; 2018:48.1%), r& eacute; the result of good control of operating expenses. According to the financial rating agency, ONATEL-SA (Moov Africa Burkina Faso) is in a position to challenge the market despite the fact that the operator has the best network coverage

La perspective attachée à la notation de ONATEL -SA (Moov Africa Burkina Faso) is stable. GCR justifies this stable outlook by the fact that the operator should continue to generate adequate profit margins due to the stability of its cost structure, which would support solid financial levers