Credit Rating
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2 weeks ago
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…
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2 weeks ago
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…
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May 27, 2024
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…
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April 11, 2024
Metropol Takes Part in Discussion to Operationalise Africa Credit Rating Agency in Lusaka
Metropol Corporation Limited took part in the ongoing discussions to operationalise the Africa Credit Rating Agency in Lusaka, Zambia to…
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February 7, 2024
Kenya Sets Date to Buy Back it’s Maturing $2 Billion Eurobond
Kenya has made an offer to buy back its $2 billion Eurobonds that will mature in June and revealed plans…
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January 30, 2024
Kenya Eyes Capital Markets to Repay $2 Billion Eurobond
Kenya is exploring the option of tapping the international capital markets to help fund the repayment of a $2 billion…
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January 24, 2024
Ivory Coast Raises $8 Billion in Oversubscribed $2.6 Billion Bond Offering
Ivory Coast has made comeback to the international bond market, issuing its first dollar bonds since 2017 and managed to…
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January 24, 2024
Egypt in Debt Crisis as Moody’s Cuts Outlook
Egypt is facing a deepening economic crisis as its credit outlook was downgraded by Moody’s and its currency plunged to…
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December 14, 2023
Ethiopia Stops Servicing its Eurobond a Year Ahead of Maturity; Why?
The Ethiopian Government failed to make a $33 million coupon payment due (December 11, 2023) to bondholders, signaling a potential…
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December 5, 2023
Metropol Advocates for Structured Conversation on Credit Rating in Africa
Metropol Corporation Limited is spearheading a structured and high-level conversation about credit rating in Africa. This initiative comes as the…
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