's ratings are based on the support Fitch believes it would receive from its two key shareholders, Banque Centrale des Etats d'Afrique de l'Ouest (BCEAO), which is the regional central bank of UEMOA, and Cote d'Ivoire.
is doing well after the first year of implementation of its second Strategic Plan.
In regards to their ratings, on 15 May and 11 June respectively, the international agencies Moody's and Fitch had each classified BOAD
within the rating category called 'investment'.
In addition, the agency believes that in spite of a difficult sub-regional environment, BOAD
's capitalisation and debt levels are more favourable than those of similar institutions, with an adjusted equity to asset ratio of 40 per cent and a debt to equity ratio of 145.1 per cent at the end of 2014.
(1) Moody's low assessment of BOAD
's capital adequacy, which is driven by weak borrower quality, and moderate levels of non-performing loans (NPLs), weighing on asset coverage and leverage levels that have been boosted thanks to a large infusion of equity from the bank's Energy Development Fund.
Sullivan, managing director, head of Africa public sector who represented Citi at the ceremony, declared: "True to its longstanding commitment to providing innovative and best-in-class solutions to governments globally, Citi is delighted to support the Republic of Senegal's financing requirements and to work with the ICD, the BOAD
and the regional regulators on this ground-breaking Sukuk transaction in the WAEMU region." He said: "Having been associated with numerous 'first' transactions in the Islamic finance industry, Citi is proud to contribute to the expansion of Islamic finance to the Republic of Senegal and to the members of the WAEMU.
Il a ete notamment question de l'entree du Maroc dans le capital de la BOAD
"avec un million de dollars et un administrateur", a souligne, a ce propos, le president du Conseil des ministres de l'economie et des finances de l'Union economique et monetaire ouest africaine (UEMOA), Tiene Coulibaly.
Already new channel, MBC Egypt is proving a success with big names like singing superstar, Tamer Hosny, on boad
. Hala has refused to comment publicly on the new position but she is reportedly leaving production company, 'Rotana', and TV show 'Nass Book', to make room for the appointment.
he petitioner's counsel said that as per the International Cricket Council (ICC) rules, direct appointments in the PCB could not be made, and that the boad
's general council had the right to elect its chairman.
proposed today to combine with Renovables through a share swap at 0.488 of its shares, with a nominal value of EUR0.75 (USD1.04), for each Renovables share with a nominal value of EUR0.50 per unit, the utility said in a filing to the stock market regulator CNMV.
made aggressive gestures at Liam Moffat as they began to pull away from lights on a South Tyneside dual carriageway.