Sovereign rating
Benin: BB−: a fair rating, 3 notches below investment grade
Benin is no. 7 of the 34 African countries rated, among the best rated in Africa. Not yet investment grade, but at the top of the speculative grade: the country borrows on the markets, at a higher cost than an investment-grade one.
- Category
- Speculative (BB)
- In Africa
- no. 7 of 34
- Trend
- Rising
3 notches below investment grade
AfCRA
The African agency, launched on 7 October 2026, has not published a rating yet.
Long-term foreign-currency ratings, from the agencies' releases · verdict and common scale: Syli Atlas's reading of the agencies' categories · a rating is an opinion on credit risk, not investment advice
History
Decisions of the agencies for Benin
| Date | Agency | Decision | Rating | Outlook | Source |
|---|---|---|---|---|---|
| 7 Aug 2026 | Moody's | upgraded | Ba3 | stable outlook | beninwebtv.bj ↗ |
| 16 Jan 2026 | Fitch | outlook raised | B+ | positive outlook | capmad.com ↗ |
| 19 Dec 2025 | S&P | affirmed | BB− | stable outlook | fxempire.com ↗ |
Questions
What is the credit rating of Benin?
S&P BB− · Moody's Ba3 · Fitch B+: fair rating, speculative (bb), 3 notches below investment grade, no. 7 of 34 in Africa.