L'agence de notation On April 11, GCR Ratings (GCR) confirmed the long-term rating of senior bonds issued by the FCTC NSIA BANQUE 7% 2020-2025 40 billion FCFA to AAA (WU) (SF) to AAA (WU) (SF) on its regional rating scale, with a stable outlook.

GCR only assigns a long-term rating to FCTC NSIA BANQUE 7% 2020-2025 senior bonds, since these bonds have an initial maturity of 60 months, i.e. 5 years. GCR does not subject its ratings to any national cap, but only to the regional cap, which is based on GCR to AAA (WU) (SF) in regional currency. The agency believes that at the date of issue, the Expected Loss associated with the securitized portfolio should remain close to its historical level in the medium term, i.e. over the 3-year horizon