✉news WorldUnited Nations first seen 20 h ago, last 4 h ago, peak #9
Africa launches its own credit rating agency
Original: Africa launches credit rating agency
Africa has launched its own credit rating agency, a move aimed at providing an alternative to the Western agencies that currently rate the continent's sovereign debt. African governments have long argued that existing ratings are overly harsh and raise borrowing costs. The new agency is expected to offer assessments better reflecting African economic realities.
Why now: It challenges the dominance of Moody's, S&P and Fitch over African sovereign debt ratings, a long-standing grievance.
AfricaAfrican Unioncredit rating agency
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- Africa launches credit rating agency · Welcome to the United Nations
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