BondTerminal

Benin — Sovereign Signal

BT-SFS 49.8/100 · BB− · 240 bps over Treasuries

Score and market snapshot

Benin trades 79 bps wide of its fundamentals fit (fitted spread 161 bps).

BT-SFS release bt-sfs-v0-4-imf-interest-2026-06-27 · market data 2026-06-25
FieldValue
BT-SFS score49.8 / 100
Rank—
Composite ratingBB−
Agency ratingsMoody's Ba3 · S&P BB- · Fitch B+
Benchmark USD bondBENIN 7.96 38
Spread over Treasuries240bps
Yield to worst7.37%
Duration6.8y

Pillar scores

PillarScore (0-100)
Fiscal51.5
External34.8
Macro71.3
Institutions45.8

The nine metrics behind the score

MetricPillarRaw valueScoreSourceYear
Current account / GDPExternal-5.0%14.6IMF2026
International reserves, months of importsExternal—50.0missing
General government debt / GDPFiscal57.2%60.4IMF2026
Interest expense / revenueFiscal11.1%56.3IMF2026
Primary balance / GDPFiscal-1.1%35.4IMF2026
WGI institutional compositeInstitutions-0.2845.8WGI composite2024
Real GDP growthMacro7.0%100.0IMF2026
GDP per capita, USDMacro$1,8094.2IMF2026
Inflation stressMacro2.0%100.0IMF2026

Score history

Applying the current methodology to historical sources, Benin moves from 45.8 in 2016 to 49.8 in 2026 (+4.1 points over ten years).

Default and restructuring registry

No bond default or restructuring events in the registry window.

Frequently asked questions

What is Benin's sovereign credit score?
Benin scores 49.8/100 on the BT Sovereign Fundamentals Score. The score is built from nine public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Benin USD bond does BondTerminal track?
BENIN 7.96 38 (ISIN XS2759982064), the near-5-year USD benchmark, currently 240 bps over Treasuries with a 7.37% yield to worst.
Is Benin trading wide or tight of its fundamentals?
Benin trades 79 bps wide of its fundamentals fit (fitted spread 161 bps).

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