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Bulletin: Recent Unrest Has No Immediate Impact On Ratings On Burkina Faso
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
LONDON (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services said today that its views on Burkina Faso's (B/Stable/B) creditworthiness are unchanged following the unrest in Burkina Faso. However, we could consider lowering the ratings if unrest became widespread and led to fiscal slippage or a change in economic policy, or if a violent crackdown on protesters or the opening of a political vacuum disrupted aid flows and weakened the sovereign's economic policies. President Compaor- is facing unprecedented unrest originating from the army and students. President Compaor-, a former army captain, has been in power since 1987 and was re-elected with 80% of the vote last November, although turnout was exceptionally low. Under his tight rule, no meaningful political...
Companies mentioned in this report are: Burkina Faso
Action: Bulletin
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