S&P rates Benin notes B+

S&P said it assigned a B+ long-term issue rating to the €500 million amortizing notes due 2026 that Benin has issued with a 5¾% coupon.

The proceeds will be used to finance the government's priority projects included in the budget.

These projects relate to infrastructure, digital economy, electricity and the improvement of living conditions, S&P said.

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