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Financial rating: Bloomfield maintains SIB's long-term AA- rating

07/01/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Bloomfield rating agency maintained the long-term AA- rating with a stable outlook awarded a year earlier to the Société Ivoirienne de Banque (SIB). The short-term A1 rating was also maintained with a stable outlook.

Bloomfield announces that the validity of the SIB rating starts from May 2024 to April 2025. This agency argues that the protective factors are very strong, adding that harmful changes in business, economic or financial conditions will increase investment risks, although not significantly. Over the long term, the rating reflects the high credit quality and on the the rating team gives the SIB's score as justification by “the very high certainty of timely repayment

”.

According to the agency team, liquidity factors are excellent and supported by good factors to protect essential elements. According to Bloomfield, the SIB's rating is based on positive factors such as compliance with the regulator's requirements to raise the minimum share capital, an update of the organization chart for better risk supervision; an overall improvement in performance indicators; an overall improvement in performance indicators; an improvement in the quality of SIB's debt portfolio in 2023

.
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