Benin: why the sovereign rating changes from A+ to AA-

The long-term sovereign rating of Benin was upgraded from A+ to AA- by Bloomfield Investment Corporation on September 15, 2026, keeping the country in the 'investment' category. This improvement reflects a high credit quality and a strengthened capacity of the state to meet its long-term commitments. The revised budget of June 2026 anticipates resources of 4,148.357 billion CFA francs with a projected budget deficit of 3.1% of GDP and a growth forecast of 7.5%. This rating could positively influence the financing conditions in local currency for the Beninese state.