Ivory Coast Surpasses South Africa in Credit Rating Boost

• Ivory Coast’s credit rating upgraded to ‘positive,’ surpassing South Africa’s ‘stable’ rating
• Cocoa market boom and improved fiscal management bolster economic prospects

Ivory Coast has achieved a superior credit rating compared to South Africa, following S&P Global Ratings’ affirmation of its BB- rating in May. This rating, just two levels below investment grade, allows the world’s top cocoa producer to access international capital markets on more favourable terms than many other African nations.