{"id":107964,"date":"2025-12-21T20:00:26","date_gmt":"2025-12-21T20:00:26","guid":{"rendered":"https:\/\/sotnews.agency\/?p=107964"},"modified":"2025-12-21T20:00:26","modified_gmt":"2025-12-21T20:00:26","slug":"fitch-affirms-bank-of-africa-at-bb-outlook-stable","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=107964","title":{"rendered":"Fitch affirms Bank of Africa at \u2018BB\u2019; outlook stable"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 14 Second <\/div>\n\n <\/div>
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Ratings agency,\u00a0Fitch, has affirmed Bank of Africa\u2019s (BOA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at \u2018BB\u2019 with Stable Outlooks.<\/p>\n

It has also affirmed BOA\u2019s Government Support Rating (GSR) at \u2018bb\u2019 and Viability Rating (VR) at \u2018bb-\u2018.<\/p>\n

According to the UK based firm, BOA\u2019s IDRs are driven by potential support from the Moroccan authorities, as reflected in the bank\u2019s GSR of \u2018bb\u2019. The Stable Outlooks mirror those on the sovereign ratings.<\/p>\n

\u201cBOA\u2019s VR considers its solid franchise in Morocco and its pan-African presence, which brings diversification benefits to the business model. BOA\u2019s healthy performance and sound funding and liquidity are balanced by weaker, but improving, capital ratios and asset quality. Its National Rating reflects its creditworthiness relative to other Moroccan issuers\u2019\u201d.<\/p>\n

Solid Franchise<\/strong><\/p>\n

The ratings agency said\u00a0BOA has a solid franchise and domestic systemically important bank status in Morocco with a 14% market share.<\/p>\n

It operates across 32 countries, mostly in Africa, with contributions from operations outside Morocco representing about half of the group\u2019s net income.<\/p>\n

Higher Risk Profile Than Peers<\/strong><\/p>\n

It explained that BOA\u2019s risk profile is higher than domestically-focused peers\u2019 due to a large presence in higher-risk markets outside Morocco.<\/p>\n

However, risks are mitigated by improved risk controls across the group and cautious growth. Ongoing efforts to clean up the balance sheet, including reducing legacy exposures and strengthening asset quality, reinforce the bank\u2019s overall risk profile.<\/p>\n<\/div>\n

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\"FitchAccording to the UK based firm, BOA’s IDRs are driven by potential support from the Moroccan authorities, as reflected in the bank’s GSR of ‘bb’. The Stable Outlooks mirror those on the sovereign ratings.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1904,14282,12,6896,2800,10,9],"tags":[],"class_list":["post-107964","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-boa","category-business","category-fitch","category-hp-business-5","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/107964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107964"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/107964\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}