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Financial rating: GCR affirms the long-term issuer rating of TotalEnergies Marketing Senegal

15/08/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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GCR Ratings (GCR) last week affirmed TotalEnergies Marketing Senegal's long-term issuer rating of A (WU) on its regional rating scale. The short-term issuer rating is A1 (WU).

TotalEnergies Marketing Senegal's rating is based on its dominant position in the distribution of petroleum products in Senegal, which allows it to achieve significant and growing turnover. GCR considers TotalEnergies Marketing Senegal's leading position in the highly competitive petroleum product distribution market to be a major asset for its rating. TotalEnergies Marketing Senegal draws its reputation in particular from its assimilation into the world-renowned group, TotalEnergies, which provides it with significant support in the form of assistance and advice agreements concerning its core business. This support will allow the company to continue to strengthen its leading position through differentiation through quality in order to capture a significant portion of future market growth

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