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Financial Rating: Bloomfield awards an A- rating to BOA Senegal with a stable outlook

15/02/2024
Categories: Economy/Forex

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Bank of Africa Senegal SA announced on Tuesday, February 13, 2024, that the investment firm Bloomfield rated the long-term group at (A A-) with a stable outlook. In the short term, the company obtained an A1- A1- grade, with a stable outlook.

Bank Of Africa Senegal is a limited company under Senegalese law with a Board of Directors. It obtained banking authorization as of September 19, 2001, and is registered on the UEMOA list of credit institutions under the number K 0100. The long-term rating given to this institution reflects the high credit quality. The protective factors are good, while the risk factors are more variable and more important in times of economic pressure.

In the short term, the note reflects the high certainty of timely repayment. Liquidity factors are strong and supported by good protection factors for essential elements. The risk factors are very low.

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