GCR Ratings (GCR) has assigned a long-term issuer rating of AAA (WU) to Sablux Immobilier SASU (Sablux Immobilier) on its regional rating scale. In the short term, the issuer rating of

En raison de l' importance stratégique de la société au sein du Groupe Sablux, as the owner of real estate projects and a substantial contributor to consolidated revenues (2023:56%), Sablux Immobilier's rating is based on that of Group, including Sablux Holding and its subsidiaries. GCR aligned Sablux Immobilier's rating with that of the Sablux Group, which benefits from a solid competitive position on the Senegalese real estate development market and a very robust financial profile, characterized by high profitability, moderate debt and very comfortable liquidity. GCR recognizes the Sablux Group as a leading player in the highly competitive real estate development sector in Senegal. The outlook attached to Sablux Immobilier's rating is stable. GCR justifies this stable outlook by the fact that the financial profile of the Sablux Group will remain very solid, supported by a low level of debt and robust operating margins, which should improve with revenue growth

The outlook attached stable to Sablux Immobilier's rating is justified by the fact that this stable outlook is justified by the fact that the financial profile of the Sablux Group will remain very solid, supported by a low level of debt and robust operating margins, which should improve with revenue growth