Bloomfield justified its rating by the high long-term credit quality. Indeed, the rating team maintained that protection factors are good. For the short term, the agency justifies its rating by "high certainty of timely repayment". According to the agency, liquidity factors are strong and supported by good protection factors for essential elements. Conversely, risk factors are described as "very low".

Furthermore, Benin's nominal GDP amounted to 9,831 billion FCFA (15.729 billion dollars) as of December 31, 2021, compared to 9,009 billion FCFA (14.414 billion dollars) in 2020. Meanwhile, the real GDP growth rate stood at 7.2% during the same period, up from 3.8%.

Regarding the country's total debt-to-GDP ratio, it is estimated at 49.7% compared to 46.1% in 2020, while the proportion of external debt in GDP stands at 34.0% compared to 26.0% in 2020.