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Financial rating: GCR Ratings places SITAB's issuer ratings as an extension of review

10/12/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The rating agency GCR has placed the long-term issuer ratings of AA- (WU) and the short-term issuer ratings of A1+ (WU) of the Société Ivoirienne des Tabacs SA in review extension.

The scoring process is ongoing, and GCR plans to finalize and update the scoring results by February 28, 2025. Long-term ratings reflect an issuer's ability to meet financial obligations, including interest payments and debt repayments, over the next three to five years. According to GCRNo , part of the rating process was influenced by other commercial activities of the rating agency; the ratings are based solely on the merits of the rated entity, security, or financial instrument; and these ratings are an independent assessment of the risks and merits of the rated entity, security, or financial instrument

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