✉news WorldUnited Nations first seen 2 h ago, last just now, peak #9
Africa launches its own credit rating agency
Original: Africa launches credit rating agency
African institutions have launched the continent's first credit rating agency, aimed at providing an alternative to the three dominant Western agencies when assessing African economies and sovereign debt. Supporters say African countries are often rated too harshly, pushing up borrowing costs. The new agency is expected to offer fairer, locally informed assessments and could reshape how African governments and businesses access global capital markets.
Why now: African governments have long criticised Western rating agencies for overrating risk and inflating borrowing costs, so a homegrown alternative is a major development.
AfricaUnited Nationscredit rating agencies
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- Africa launches credit rating agency · Welcome to the United Nations
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