Foreign-Currency Rating On Republic of Zambia Affirmed At 'B+' After Smooth Handover Of Power; Outlook Stable Oct 11
- Language: English
- Published: October 2011
- Region: Zambia
Standard & Poor's Ratings Services' ratings on the Republic of Benin are constrained Benin's per capita income, which, at US$712 in 2010, is lower than peers'. The ratings are further constrained by Benin's narrow economic base, sizable current account deficits, sensitivity to terms of trade fluctuations, and limited fiscal flexibility. The ratings are supported by Benin's low fiscal debt burden after it received debt relief from bilateral and multilateral creditors in the context of the Heavily Indebted Poor Countries and Multilateral Debt Relief initiatives. The ratings are also supported by Benin's long track record of political stability, and a more reform-friendly context after this year's presidential and legislative elections. We estimate that Benin's GDP growth reached 2.6% in 2010, after...
Companies mentioned in this report are: Benin (Republic of)
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Benin (Republic of)