Credit Ratings
Credit Ratings
Errors in Africa ratings expose deeper flaws in global credit assessment
Errors in a leading Africa credit report expose weaknesses in analysis, reinforcing mispricing of risk and strengthening calls for a regional rating agency
Africa’s new credit rating agency could be a game changer. Here’s how
The African Credit Rating Agency is an initiative under development by the African Union and its partners. It is more than a new entrant; it is an attempt to rethink how financial authority is earned, exercised and scrutinised
Fitch affirms Uganda B+ rating
Ratings supported by favourable medium-term growth prospects and macroeconomic stability, but constrained by weak governance and budget and current account deficits
Nigeria’s Agusto affirms Shelter Afrique ratings, stable outlook
Nigerian rating agency affirms A (Kenya) and A+ (Nigeria) ratings to Nairobi-based Shelter Afrique Development Bank, which focuses on supporting housing and urban growth across the continent
Moody’s acquisition of a leading African rating agency could be bad news for African countries
Moody’s entrance into the domestic ratings market ushers in the challenge of negative analyst biases against African countries
Rating agency regulations: Why legislation won’t fix flaws
The three dominant international credit rating agencies have been accused of many faults; the faults originate from their ‘issuer-pay’ business model in which the institution being rated pays for the rating, which is used by investors
Fitch Ratings maintains Uganda’s B+ rating
The third major credit rating agency, Fitch Ratings, has maintained its assessment of Uganda's capacity and willingness to honour its debt obligations, a decision it said was supported by the country's strong growth outlook and relative macroeconomic stability
Moody’s maintains Uganda’s credit rating
Moody’s Investors Service maintained its appraisal of Uganda's debt, citing its favourable medium-term economic prospects supported by an increase in infrastructure investment