Cote d'Ivoire — Sovereign Signal
BT-SFS 50.2/100 · BB · 210bps over Treasuries
Score and market snapshot
Cote d'Ivoire trades 54bps wide of its fundamentals fit (fitted spread 156bps).
| Field | Value |
|---|---|
| BT-SFS | 50.2 / 100 |
| Rank | 26 of 51 |
| Composite rating | BB |
| Agency ratings | Moody's Ba2 · S&P BB · Fitch BB |
| Benchmark USD bond | IVYCST 6.125 33 |
| Spread over Treasuries | 210bps |
| Yield to worst (S.A.) | 7.19% |
| Duration | 5.2y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 49.0 |
| External | 42.3 |
| Macro | 57.9 |
| Institutions | 60.2 |
The ten metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Reserves, months of imports | External | 7.3 mo | 42.3 | IMF | 2026 |
| General government debt / GDP | Fiscal | 55.1% | 39.6 | IMF | 2026 |
| FX public debt / GDP | Fiscal | 29.1% | 51.2 | World Bank/IMF QPSD | 2026 |
| Net interest / revenue | Fiscal | 15.7% | 54.0 | IMF | 2026 |
| Primary balance / GDP | Fiscal | -0.3% | 54.5 | IMF | 2026 |
| Governance (WGI GE + RQ) | Institutions | 49.9 | 33.6 | WGI | 2025 |
| Inflation track record | Institutions | 2.3% | 100.0 | IMF | 1997–2026 (h=10) |
| Real GDP growth, centred 3-year | Macro | 6.3% | 88.1 | IMF | 2025–2027 |
| GDP per capita, USD | Macro | $3,313 | 30.7 | IMF | 2026 |
| Growth volatility, 10-year | Macro | 1.9pp | 74.0 | IMF | 2016–2025 |
Score history
Applying the current methodology to historical sources, Cote d'Ivoire moves from 35.0 in 2016 to 50.2 in 2026 (+15.2 points over ten years).
Default and restructuring registry
2011: payment_default (high) — African Capital Markets News, Cote d'Ivoire defaults on $2.3bn Eurobonds (1 Feb 2011) [secondary].
Frequently asked questions
What is Cote d'Ivoire's sovereign credit score?
Cote d'Ivoire scores 50.2/100 on the BT Sovereign Fundamentals Score, ranking 26 of 51 sovereigns covered. The score is built from ten public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Cote d'Ivoire USD bond does BondTerminal track?
IVYCST 6.125 33 (ISIN XS1631415400), the near-5-year USD benchmark, currently 210bps over Treasuries with a 7.19% yield to worst (S.A.).
Is Cote d'Ivoire trading wide or tight of its fundamentals?
Cote d'Ivoire trades 54bps wide of its fundamentals fit (fitted spread 156bps).