A recent coup against Burkina Faso's interim institutions appears to have failed. We believe Burkina Faso's debt repayment ability has not been materially affected by the recent turmoil. We are affirming our 'B-/B' long- and short-term sovereign credit ratings on Burkina Faso. The stable outlook reflects our view that elections will be held this year or early next, that commercial debt repayment will be maintained, and economic growth, and fiscal and external metrics will not significantly deteriorate beyond our current expectations. On Oct. 1, 2015, Standard&Poor's Ratings Services affirmed its 'B-/B' long- and short-term foreign and local currency sovereign credit ratings on Burkina Faso. The outlook remains stable. As a "sovereign rating" (as defined in EU CRA Regulation
