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Burkina Faso 'B/B' Ratings Affirmed On Expectation That Political Unrest Won't Interrupt Donor Inflows; Outlook Stable May 11
Standard & Poors, May 2011
Abstract
President Compaor-, who has been in power since 1987, has been facing significant and unprecedented unrest over the past several months. Burkina Faso's low degree of economic development, narrow economic base, large structural fiscal imbalance, and weak external position constrain the ratings. However, we believe that Burkina Faso's track record of donor backing, multilateral assistance, and moderate, though growing, fiscal debt burden continue to support the credit ratings. We are therefore affirming the 'B/B' long- and short-term sovereign credit ratings on Burkina Faso. The stable outlook balances external and political vulnerabilities against strong donor support. LONDON (Standard & Poor's) May 27, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'B/B' long- and short-term sovereign credit ratings on...
Companies mentioned in this report are: Burkina Faso
Action: Affirmed
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.
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