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Kenya to Repurchase $2.2 Billion in International Market as Costs Drop
Kenya is preparing to return to international debt markets at a moment when global borrowing costs have eased and investor…
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Why Afrexibank Dropped Fitch as Rating Agency
The African Export-Import Bank (Afreximbank) has ended its relationship with credit rating agency Fitch, saying the agency’s approach no longer…
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Fitch to No Longer Work with Afreximbank After Junk Rating
Ratings agency Fitch downgraded Afreximbank to junk and withdrew future ratings – a final move in a relationship with the…
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Moody’s Ups Kenya’s Rating to B3 on Stronger FX Reserves
Moody’s Ratings upgraded Kenya’s sovereign rating to B3 from Caa1 on January 27, citing a sharp reduction in near-term default…
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Kenya’s Rating Up B- on $12.4 Billion Stable FX Reserves
Fitch Ratings has affirmed Kenya’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. The affirmation reflects…
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S&P Global Upgrades Zambia’s sovereign Rating to CCC+
S&P Global Ratings upgraded Zambia’s sovereign rating to CCC+ from selective default, citing progress in restructuring $13.3 billion of external…
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Why CRBs Are Now Opening, Not Blocking Door to Credit
Kenya has witnessed a compelling shift in the credit market space, looking at the growing importance of Credit Reference Bureaus…
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Mauritius to Host Africa Credit Rating Agency Headquarters as Continent Pushes for Sovereign Rating Independence
The African Peer Review Mechanism (APRM) confirmed that Mauritius has been selected as the primary jurisdiction and host of the…
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S&P Steps Up African Presence Over Africa’s Push for Lower Borrowing Cost
S&P Global Ratings said it’s stepping up its presence in Africa, including expanding its Johannesburg hub, as it seeks to…
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S&P Downgrades Senegal Credit Rating to B- After Govt Accounts Audit
S&P Global Ratings has downgraded Senegal’s long-term sovereign credit rating from ‘B’ to ‘B-’, while keeping a negative outlook, citing…
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