(The following statement was released by the rating agency)
PARIS, April 28 (Fitch) Fitch Ratings has assigned Banque Ouest
Africaine de
Developpement's (BOAD; BBB/Stable/F2) debut Euronotes a 'BBB'
rating, subject to
the receipt of final documentation.
The US dollar-denominated notes are unsecured unsubordinated
obligations of
BOAD, and are rated in line with its 'BBB' Long-term Issuer
Default Rating
(IDR). The net proceeds will be used for general corporate
purposes and project
financing
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