Standard & Poor's (S&P) raised Guinea's sovereign rating outlook from "Stable" to "Positive" on March 13, 2026, while confirming its B+ rating. This marks the first review following the country's inaugural rating assignment.
The upgrade reflects strong economic fundamentals with expected growth near 10% between 2026-2029, driven by the mega Simandou project, foreign exchange reserves tripling to $4.1 billion, and 46% increase in public revenues in 2025.
S&P also praised institutional progress, including adoption of a new constitution and a peaceful presidential election that led to the lifting of regional sanctions. S&P expects Guinea's real GDP growth to average 9.5% over 2026-2028, significantly outpacing peers.
The Guinean government views this as an important signal to economic and financial partners. However, the B+ rating remains in the "speculative" category, indicating vulnerabilities persist.
