Moody’s changes Ivory Coast view to stable.

Moody’s Investors Service said it changed the outlook to stable from under review and confirmed the Ivory Coast’s foreign- and local-currency long-term issuer and foreign-currency long-term senior unsecured government bond ratings at Ba3.

The outlook change and confirmations conclude the review for downgrade started on June 12, Moody’s said.

“The stable outlook reflects Moody’s view that the pressures the sovereign faces in the wake of the coronavirus shock and prospects for its credit metrics, in general, are likely to remain consistent with the current rating level,” the agency said in a press release.

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