Credit Rating
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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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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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