GCR Ratings (GCR) maintained the management quality rating of the Financial and Stock Exchange Company (CGF Bourse) at QSG-1 (WU) with a financial perspective.

This rating is the maximum score an SGI can get from GCR on its regional GIS management quality scale. The QSG-1 (WU) rating from CGF Bourse is equivalent to a total weighted score of 1.82 in fiscal year 2023 compared to 1.67 the previous year. This downward revision of the rating reflects GCR's opinion that the operational strength of CGF Bourse can only be confirmed in comparison with that of its peers. The governance of CGF Bourse is based on an independent Board of Directors, guaranteeing objective and transparent decision-making. CGF Bourse is distinguished by its capacity for innovation, both in terms of products and in its distribution channels. It offers a comprehensive range of asset classes available in the sub-region, catering to both retail and institutional clients, and uses a variety of distribution channels, including digital solutions

The outlook attached to the CGF Bourse rating is stable. GCR justifies this stable outlook by the fact that CGF Bourse will remain in the pole position of West African SGIs, given its historical expertise and its deep roots in sub-regional capital markets