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Bloomfield Investment Corporation: SMB rated AA in the long term and A1 in the short term, stable outlook

23/12/2022
Source : ORISHAS FINANCE
Categories: Economy/Forex

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On December 21, 2022, Société Multinale de Bitumen SA published information on its financial rating with a validity date of May 2022 to June 2023. In the long term, the rating of the local currency CFA is AA and A1 in the short term.

The SMB rating is based on the quality of high credit, protection factors that are good. However, risk factors are more variable and more important in times of economic pressure. In the short term, there is a very high certainty of timely repayment. Liquidity factors are excellent and supported by good essential element protection factors. Risk factors are minor.

SMB is a commercial company incorporated under Ivorian law as a limited company with a Board of Directors. It was created in 1976 and its purpose is the manufacture, storage and marketing of bitumen and other non-energy petroleum derivatives in West and Central Africa. It has been listed on the Regional Securities Exchange (BRVM) since 1998. Its share capital, its share capital of 4,872 million CFA francs, divided into 7,795,000 shares with a nominal value of 625 CFA francs each as of December 31, 2021, is held at 72.6% by SIR and 27.4% by various private shareholders.

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