Burkina Faso 'B-/B' Ratings Affirmed, Outlook Remains Positive

OVERVIEW In our view, the peaceful presidential elections in November 2015 have ushered in a period of relative domestic political stability in Burkina Faso. However, the ratings remain constrained by low per capita income and limited monetary flexibility. We are affirming our 'B-/B' sovereign credit ratings on Burkina Faso. The positive outlook reflects our view that we could raise the ratings over the next six months if continued political stability provides more broad-based economic growth and leads us to improve our projections for external and fiscal metrics. RATING ACTION On Nov. 25, 2016, S&P Global Ratings affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Burkina Faso. The outlook remains positive. RATIONALE The presidential elections

...OVERVIEW In our view, the peaceful presidential elections in November 2015 have ushered in + a period of relative domestic political stability in Burkina Faso. However, the ratings remain constrained by low per capita income and limited + monetary flexibility. We are affirming our 'B-/B' sovereign credit ratings on Burkina Faso. + The positive outlook reflects our view that we could raise the ratings over the + next six months if continued political stability provides more broad-based economic growth and leads us to improve our projections for external and fiscal metrics. RATING ACTION On Nov. 25, 2016, S&P Global Ratings affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Burkina Faso. The outlook remains positive. RATIONALE The presidential elections in November 2015 put an end to a tumultuous period in Burkina's domestic politics marked by a popular uprising in October 2014 (which led to the ousting of former President Blaise CompaorT after...

Ratings Action