Credit Rating
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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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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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Chances Rise of Afreximbank Involvement in Debt Rework, says JPMorgan
The chances of Afreximbank getting involved in a debt restructuring have increased, JPMorgan said on Tuesday, while also upgrading its…
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