Bloomfield justified its rating by the high credit quality over the long term. Indeed, the rating team maintained that the protective factors are good. But, is Bloomfield justifies its rating by the high credit quality. In the short term, the agency is justified by “the high certainty of timely reimbursement.” According to him, liquidity factors are strong and supported by good protection factors for essential elements. On the other hand, the risk factors are described as “very low.”

Par ailleurs, l Benin's nominal GDP stood at 9831 billion FCFA ($15.729 billion) as of December 31, 2021, compared to 9009 billion FCFA (14.414 billion dollars). dollars) in 2020. For its part, the real GDP growth rate stood at 7.2% compared with 3.8% during the same period.

On the side of the country's total debt to GDP, it is estimated at 49.7% compared with 46.1% in 2020, while the proportion of external debt in GDP stood at 34.0% compared with 26.0% in 2020.