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Financial rating: Bloomfield maintains the long and short term rating of Bernabé Côte d'Ivoire

31/10/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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During the 2024 rating conducted by Bloomfield, the company Bernabé Côte d'Ivoire maintained its long and short term rating. The long-term rating remains A+ with a stable outlook. And the short-term grade remains A1.

The validity date of the rating is from July 2024 to June 2025. Bloomfield said that the long-term rating is justified by the high credit quality that has been advanced. The agency notes that risk factors are more variable and more important in times of economic pressure. In the short term, it is the very high certainty of timely reimbursement that is given as justification. The rating is based on positive factors such as a decrease in turnover but which is the second largest achieved since the creation of BERNABE CI; a profitable net result, although significantly down compared to the previous year, due to the drop in sales and the fiscal adjustment recorded in 2023; good financial flexibility, allowing the company to cover the all of its financing needs; an advance in the execution of structuring projects

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