On March 9, 2021, the rating agency raised the ratings of the long-term issuer and the senior unsecured debt of the Government of Benin from B2 to B1. The outlook for Benin attributed by Moody's Investors Service (Moody's) has moved from stable to positive.
 
According to the information published by Financial, Moody's raises Benin's rating to B1 thanks to the "solid" management of public finances. Thus the outlook has changed from stable to positive.
" The main drivers of benin's decision to upgrade its ratings are based on a strong balance sheet on fiscal consolidation and improvement in the debt structure, supported by sound public financial management, despite the deterioration of certain fiscal parameters, due to the pandemic ," notes the same source.
Moody's also noted growing economic resilience, with strong growth prospects supported by ongoing structural reforms. The stable outlook attributed by the rating agency is the result of balanced risks around the baseline forecast which states that the economy will be reborn in the medium term with robust growth and that Benin's fiscal and debt parameters will stabilize and improve. will elicit comparatively.