The financial rating agency, Bloomfield has confirmed for 2020 the A- rating with a Stable Outlook from the African Guarantee and Economic Cooperation Fund (FAGACE). The company has been part of a voluntary financial rating process for almost three (3) years.

With the renewal of its rating, Bloomfield confirms the solidity of the fundamentals of FAGACE, under the same conditions, in a context of global economic crisis. For the second year in a row, FAGACE obtained the following ratings: long-term A- rating, with a stable outlook (investment rating);  in the short term the A2 rating, with a stable outlook (investment rating).
Bloomfield notes that these ratings reflect high credit quality and good protective factors over the long term. In addition, in the short term, the report indicates that the certainty of timely repayment is good. Liquidity factors and corporate essentials are sound, although ongoing funding needs may increase total funding requirements. Access to capital markets is good and risk factors are minimal.

This rating is also based on the implementation of the 2017-2020 strategic plan with the revision of internal procedures, actions to strengthen the risk management system, the coherence of the new strategy through the 2021-2025 Plan which provides for a further modernization of the FAGACE.