Friday , October 7 2022

"SENELEC did not withdraw from the rating process" (DG)


"SENELEC did not withdraw from the rating process". This is the response of the National Electricity Company of Senegal, following a statement from the rating agency Bloomfield Investment. SENELEC announced that it has chosen another agency after the call for proposals for the period 2018-2019.

The Pan-African financial rating agency Bloomfield said on Tuesday that it has received a copy of and Abidjan.Net, and the decision to leave the National Rating Company Senegal's financial rating process, Bloomfield Investment. Following this information, SENELEC officially reacted.

In a statement released, the Senegalese company shed light on the process that led to its withdrawal from Bloomfield Investment. "In 2017, Senelec submitted itself to a valid voluntary financial rating process and had consulted with two credit rating agencies, WARA and Bloomfield Investment, which were approved by the CREPMF. he was named, "SENELEC General Manager."

Senegal's National Electricity Company reports that the financial rating agency Bloomfield Investment & # 39; s consultations on the 2017-2018 period were announced. A competitive offer selected for the period 2018-2019.

"Since this consultation is only valid for the 2017-2018 period, Senelec made the call for proposals for 2018-2019 and two credit rating agencies approved by CREMPF (Bloomfield and WARA) 2018 2019. At the end of the process and after the analysis of technical and financial offers, the WARA bid was selected The WARA contract was signed and the mission continues, "SENELEC's press release said.

Managing director Mouhamadou Makhtar Cissé de SENELEC reiterated its commitment to "adhere to all conditions regarding a bond issue in the UMEOA regional financial market".


Source link