BOLDEN African News · Friday 6 November 2026
S&P upgrades Burkina Faso to B- from CCC+
S&P Global Ratings raised Burkina Faso's long-term sovereign rating to B- from CCC+ with a stable outlook on 6 November. The fiscal deficit narrowed to 1.8% of GDP in 2025 from 5.8% in 2024, the current account showed a surplus of 6.6% of GDP, and gold, about 90% of exports, reached 90.7 tonnes of output. S&P expects interest payments to rise to around 10% of government revenue through 2029.
Why it matters
An upgrade out of the CCC range widens the pool of lenders and investors able to consider Burkina Faso, on the back of high gold prices.
Source: Ecofin Agency · 6 November 2026