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Economy: financial rating of Oragroup Togo

05/12/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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L'agence de notation Bloomfield Investment Corporation awarded ORAGROUP TOGO a long-term rating of AA with negative perspective. And the short-term A1-A2 rating with a stable outlook.

The long-term rating reflects the high credit quality. The protective factors are good. However, risk factors are more variable and more important in times of economic pressure. In the short term, the rating is based on positive factors such as the implementation of the recommendations of the Banking Commission in progress, a strengthening of the organization, an improvement in the interim management balances of the Holding in 2023, driven by the dividends received on the accounts closed on 31 December 2022; a balanced financial structure in 2023.

ORAGroup SA, a company listed on the Regional Stock Exchange (BRVM) since 2019, has a share capital of 69,986 million CFA francs at the end of 2023, up by 252 million CFA francs at the end of 2023, up by 252 million after the exercise of share purchase warrants (BSA). It is 47.20% owned by ECP Financial Holding, its main shareholder, holding 47.20% of the capital (compared to 49.78% in 2022). It operates in twelve countries, divided into four economic zones: UEMOA, CEMAC, Mauritania,

and Guinea.
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