insert_link Africa African credit rating agency to launch in September Africa is moving toward greater financial autonomy with the establishment of the Africa Credit Rating Agency (AfCRA), backed by the African Union (AU) and supported by the African Peer Review Mechanism. Officials have confirmed the agency will begin operations by September 2025, offering assessments tailored to African economies, providing a more equitable alternative to Western-dominated firms like Fitch, Moody’s, and S&P African governments have long criticised global agencies for perceived […] today11 June, 2025
insert_link Business / Economics Moody’s affirms South Africa’s Ba2 rating with a stable outlook Moody's has affirmed South Africa's long-term debt ratings at "Ba2" with a stable outlook. The agency cited the country's strong institutions, like the judiciary and central bank, as credit strengths. However, persistent inequalities continue to hinder reforms and pose social risks, according to Moody's. today4 December, 2024
