Burkina Faso 'B-/B' Ratings Affirmed On Smooth Political Transition, Although Risks Remain; Outlook Stable

OVERVIEW Following the popular overthrow of President Blaise Campaoré, an interim government in which military personnel occupy key positions is running the country. Presidential and general elections are scheduled to take place on Oct. 11, 2015. We have revised down slightly our 2014 estimates and 2015 forecasts of real GDP growth, due to signs of lower investment and consumption. The interim government seems to be broadly in line with the revised budget, amid lower revenue and expenditure and continued donor support. We are affirming our 'B-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Burkina Faso. The stable outlook reflects our view that elections will be held as planned, that economic growth will pick up from

...OVERVIEW Following the popular overthrow of President Blaise CampaorT, an interim + government in which military personnel occupy key positions is running the country. Presidential and general elections are scheduled to take place on Oct. 11, 2015. We have revised down slightly our 2014 estimates and 2015 forecasts of real GDP + growth, due to signs of lower investment and consumption. The interim government seems to be broadly in line with the revised budget, amid + lower revenue and expenditure and continued donor support. We are affirming our 'B-' long-term and 'B' short-term foreign and local currency + sovereign credit ratings on Burkina Faso. The stable outlook reflects our view that elections will be held as planned, that + economic growth will pick up from 2016, that government debt will rise only moderately and that the current account deficit will remain within our expectations. . RATING ACTION On June 5, 2015, Standard & Poor's Ratings Services affirmed its 'B-' long-term and...

Ratings Action