Fitch keeps Côte d'Ivoire at 'BB': the signals that convinced the rating agency

Fitch Ratings affirmed Côte d'Ivoire's sovereign rating at 'BB' with a stable outlook on June 12, 2026, citing robust growth of 6.3% in 2026 (after 6.5% in 2025) driven by the extractive sector and controlled debt, which fell to 56.4% of GDP in 2025. The agency expects projects like the Baleine oil field and the Calao gas discovery to sustain high growth into the early 2030s. The public deficit is forecast to widen to 3.5% of GDP in 2026 due to lower fuel tax revenues and measures to cushion the global energy shock, but progress in fiscal consolidation and debt reduction is noted.