This report supplements our research update "Burkina Faso 'B/B' Ratings Affirmed On Solid Investment Support And Moderate Debt Burden; Outlook Stable," published on Dec. 6, 2013. To provide the most current information, we may cite more recent data than that stated in the previous publication. These differences have been determined not to be sufficiently significant to affect the rating and our main conclusions. The ratings on Burkina Faso continue to be constrained by the country's low level of economic development, weak policy effectiveness, and vulnerability to terms of trade shocks. The ratings are supported by continuing donor backing, increasingly in the form of concessional loans rather than grants, and a moderate fiscal debt burden. Membership in the West African Economic
