Credit Rating
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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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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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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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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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