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Financial rating: Togo registers a new positive assessment

01/10/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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The Moody's rating agency confirmed the renewed confidence of the national economy by raising the country's outlook from “negative” to “stable” from “negative” to “stable”.

The American rating agency Moody's highlights the improvement in the country's fiscal management (reduction of the public deficit to 6.7% against 8.3% in 2022), in a context of increasing revenues compared to GDP. Togo benefits, among other things, from its good reputation, both with its partners such as the International Monetary Fund (FMI ) and the World Bank, only on the regional financial market, where he saw his broadcasts received a favorable response. According to the Ministry économie of Finance, the Standard & Poor's Rating Agency “highlights the resilience of

économie Togolese and real growth that exceeded its initial forecasts (6.4% in 2023, above S&P's initial forecast of 6.0%), in particular thanks to the dynamism of the tertiary sector”.

Cette nouvelle évaluation intervient après celle publiée récemment par l' agence de notation Standard & Poor's (S&P), a rating that improves Togo's rating outlook from “Stable” to “Positive” and affirms the credit rating to “B”.

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