The Beninese Ministry of Economy and Finance issued a statement on April 25 to announce Benin's new rating. The international financial rating agency Standard & Poor's has maintained the rating of B+ assigned to the Republic of Benin, with a stable outlook.

Standard & Poor's highlights the strong growth prospects, driven by the government's ambitious reforms, despite a deteriorating global economic context. "The decision attests to the quality of the country's economic fundamentals, and its resilience in the face of to the Covid-19 crisis and the Russian-Ukrainian war," the statement reads. Indeed, after having preserved the dynamism of its economy in 2020, with growth of 3.9% according to Standard & Poor's, Benin recorded a very marked economic recovery in 2021, at +7.2%, one of the best performances in the region. Growth is expected to remain at a high level in the medium term, and reach 6.3% on average over the period 2023-2025, despite the Russo-Ukrainian war whose direct exposure of Benin is considered limited.