Ivory Coast has been ranked by the Standards and Poor (S&P) global ratings as the highest-rated sovereign in Sub-Saharan Africa with Foreign debt outstanding. Ivory Coast is the world’s largest producer of Cocoa and just managed to edge South Africa off the first position due to an improving debt profile.
The latest S&P Global Ratings affirmed both countries at BB-
According to Business Insider Africa, the yield on Ivory Coast’s debt maturing in 2028 fell 13 basis points to 7.09% on Monday, the lowest since April 15. South Africa’s dollar debt due in 2030 traded at a yield of 6.9%, down from over 8.5% in October.