Credit Rating
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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.…
Read More » -
GCR Upgrades ShafDB’s Long, Short-term Issuer Ratings to B
South African rating agency GCR, has upgraded Shelter Afrique Development Bank’s (ShafDB) international scale long issuer rating to B from…
Read More » -
Gen Z Anti-Tax Protests Forces Moody’s to Downgrade Kenya’s Rating to Caa1
Moody’s Ratings (Moody’s) has downgraded Kenya’s local and foreign-currency long-term issuer ratings and foreign-currency senior unsecured debt ratings to Caa1…
Read More » -
KCB Bank Raises its Base Lending Rate to 15.6%
The Kenya Commercial Bank (KCB) has announced an upward revision of its base lending rate to 15.6% per annum. The…
Read More »
