Dakar receives BBB+ rating from Bloomfield

Oct 24, 2013

The city of Dakar was rated BBB+ by the credit rating agency Bloomfield Investment Corporation.

It indicates a moderate risk of investment on the long term, with a positive outlook. This is the first time a local community in West Africa
has been
assigned a rating by a credit rating agency.

On the short term, Dakar was rated A3, with a positive outlook. According to Jeune Afrique, the assignment of this rating is a prerequisite for the issuance of bonds by the Senegalese capital on the regional Stock Exchange in Abidjan in 2014.

The city accounts for 75 percent of revenue generated by companies from Senegal and concentrates 47 percent of the country's touristic areas, according to figures from Bloomfield.

Bloomfield Investment Corporation is the first and only rating agency in Ivory Coast, but also one of the three credit rating agencies in Africa after that of South Africa and Nigeria.ADNFCR-2976-ID-801652905-ADNFCR