The international financial rating agency Standard & Poor’s maintained the “B + with stable outlook” rating assigned to the Republic of Benin. This decision confirms the solidity of the fundamentals of the country and underlines the good management of the Covid-19 crisis by the authorities, while several African countries have seen their rating downgraded since the start of the pandemic. Benin thus remains among the countries Africans with the best credit rating, rewarding economic reforms undertaken by the Government since 2016. By this decision, Standard & Poor’s notes the continuous improvement of indicators macroeconomics of Benin for several years. This rating confirms the positive outlook for the country, with real GDP growth estimated at 6.3% on average over the period 2021-2023 by Standard & Poor’s. The agency recognizes that the policy of targeted containment implemented by the Government limits the effects harmful effects of the pandemic on the Beninese economy and also believes that the support obtained from multilateral and bilateral partners since start of the Covid-19 crisis should limit the pressures on the balance payments and budget in 2020. Standard & Poor’s also welcomes the dynamism economic supported by the reforms undertaken by the Government, in the continuity of the action carried out since 2016. In this context, Standard & Poor’s anticipates a relatively contained increase in government debt in 2020, to 43% of GDP, and projects from 2021 a return to a very favorable trajectory in in terms of growth, public finances and the country’s indebtedness. The rating agency finally recalls the decision of the Government not to participate in the initiative to suspend the service of the debt set up by the G20, thus helping to reassure investors from Benin.