Benin, the first country to benefit from an outlook review
The rating agency Fitch upgrades Benin's rating outlook to "B / Positive": the agency's first "stable" to "positive" outlook revision on sovereign rating since the start of the pandemic
The rating agency Fitch upgrades Benin’s rating outlook to “B / Positive”: the agency’s first “stable” to “positive” outlook revision on sovereign rating since the start of the pandemic
The international financial rating agency Fitch has raised the rating outlook for the Republic of Benin from “stable” to “positive”, making Benin the first country to benefit from a “stable” to “positive” outlook revision of the agency since the start of the Covid-19 crisis.
This decision confirms the resilience of the economic fundamentals of the country, which will post one of the most dynamic economic growth rates in sub-Saharan Africa in 2020, despite the pandemic. This remarkable decision comes as several African countries have seen their ratings downgraded since the start of the pandemic, attesting to the quality of the authorities’ management of the crisis, but also to the success of the ambitious reforms undertaken by the government since 2016. Benin thus remains among the African countries benefiting from the best credit rating, standing out once again for its resilience to external shocks.