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Has Benin run out of easy credit upgrades?

A bustling marketplace in Benin. Photo by Greg Keelen @ Unsplash
A bustling marketplace in Benin. Photo by Greg Keelen @ Unsplash

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • Moody’s lifts Benin to Ba3 after years of strong growth
  • Low government revenue makes another upgrade harder

 

PORTO-NOVO, BENIN – Benin has secured its highest sovereign rating yet, but the upgrade carries a warning: the easy gains in its credit transformation may be over.

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