L'agence de notation On September 4, 2024, GCR Ratings (GCR) affirmed the long-term issuer rating of BB (WU) of SUCRIVOIRE on its regional rating scale. The outlook given to this rating is stable.

SUCRIVOIRE's rating reflects the fragility of its financial profile, characterized by the company's inability to generate adequate profit margins and cash flows due to regulated selling prices& eacute; s, which restricts its financial flexibility, which is already compromised by a high level of debt, and maintains constant pressure on its liquidity position. SUCRIVOIRE is positioned as a major player in the Ivorian sugar market, a growing, protected sector dominated by only two players. With a solid reputation and a well-established brand, the company enjoys a favorable competitive position for its rating

The improvement in the outlook for SUCRIVOIRE's long-term rating from negative to stable reflects GCR's opinion that the company should take advantage of the new revaluation of sugar prices, which came into effect in February 2024, and gradually mitigate these operational deficits.