Credit Rating
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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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Local Debt Markets Could Shield Africa as Funding Sources Shrink, Says Moody’s
Moody’s suggests African countries develop liquid local debt markets in their own currencies to shield against global volatility and unreliable…
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Ethiopia Faces Steep Losses for Creditors in G20 Debt Restructuring, Moody’s Warns
Moody’s Ratings, concluded its periodic review of Ethiopia’s creditworthiness on Friday, signaling that private creditors are likely to face significant…
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Ethiopia Bondholders Fault IMF Over Report on Solvency
The International Monetary Fund (IMF) is on the receiving end after it published a report indicating Ethiopia is facing liquidity…
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Africa Heads of State Convene in Ethiopia to Counterbalance Perceived Biases of Major Rating Firms
President William Ruto has strongly criticized global credit rating agencies for their unfair assessment of African economies, calling for the…
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U.S. Bond Market Signals Warning for Overvalued Stocks
Equity investors, better known as shareholders may be overlooking cautionary signals from U.S. bond markets, as stocks are now close…
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Ratings Bias Costs Africa Billions of Dollars, Says Standard Bank CEO
African countries face higher costs of financing because of inflated risk perceptions from credit-ratings companies, the head of the continent’s…
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Regulators and Experts push for Adoption of a Credit Rating culture
Financial sector regulators and experts at the Africa Credit Rating Conference 2024 have called for the adoption of a credit…
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IMF Team in Kenya to Assess Economic Risks of Tax Protests
An International Monetary Fund (IMF) delegation has arrived in Kenya to assess the economic fallout from a recent court ruling…
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Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
Fitch Ratings has downgraded Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, while maintaining a Stable Outlook.…
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