Credit Rating
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March 20, 2025
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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February 19, 2025
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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February 14, 2025
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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January 9, 2025
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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November 8, 2024
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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November 7, 2024
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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September 16, 2024
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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August 7, 2024
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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July 9, 2024
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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July 9, 2024
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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