• Moody’s assigns Ba3 rating with stable outlook to BDEAC
  

• Rating reflects bank’s regional role, reforms, and strong shareholder backing
  

• Move aims to boost access to international capital for CEMAC development
  

The Development Bank of Central African States (BDEAC) has received its first foreign-currency credit rating from Moody’s, which assigned the institution a Ba3 rating with a stable outlook.

Moody’s highlighted the bank’s central role in development financing across the CEMAC region. By supporting infrastructure and economic projects, BDEAC helps stabilize member economies and promote regional integration.

The agency also pointed to the strong and ongoing support from the bank’s shareholder states, which approved a capital increase in 2023 as a sign of their continued commitment. Moody’s further noted efforts to strengthen governance and put in place a risk-management framework aligned with international standards.

BDEAC President Dieudonné Evou Mekou said the rating confirms that the reforms introduced since he took office three years ago are delivering results.

“Obtaining this first international rating firmly establishes us within the community of regional development banks while aligning us with international benchmark standards,” he said. “This step will strengthen our access to international capital markets and allow us to mobilize resources on much more favorable terms. Ultimately, this will enhance the support we provide to governments and businesses and help accelerate sustainable development in Central Africa.”

Looking ahead, Moody’s expects BDEAC to maintain its financial strength, supported by the ongoing reforms outlined in its “Azobe Strategic Plan 2023-2027,” which seeks to expand the bank’s role in financing development projects within the CEMAC zone.

According to the agency, continued reforms, the progressive strengthening of risk-management practices, and the anticipated diversification of funding sources should improve the bank’s resilience to regional economic conditions. Together with the steady backing of its shareholders, these elements create a favorable environment for the long-term stability of its credit profile.

Sandrine Gaingne