Credit Ratings
AU-backed rating agency seeks $15mn for two-thirds of itself
AfCRA's only shareholder is run by its interim chief executive, and its prospectus implies a $22.5mn value for the agency
Africa’s new rating agency is aimed at $3.5tn of capital without ratings
Most African savings sit in short-term treasury bills, and a researcher argues the new Africa Credit Rating Agency could widen credit information for long-term finance
Mauritius to host Africa’s own credit rating agency
Ratings influence who lends to African governments and at what price, and the Africa Credit Rating Agency is the continent's bid to build its own assessments
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 investorsMore Credit Ratings
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
The real reason why cities in sub-Saharan Africa aren’t issuing municipal bonds
In the US, municipal bonds worth over $111 billion were issued in November and December 2017 for infrastructure, pension obligations and other critical needs. For comparison, cities in sub-Saharan Africa have raised less than 1% of the US amount since 2004
Standard & Poor’s maintains Uganda’s credit ratings
The rating's agency cited Uganda's solid growth prospects on the back of high spending on infrastructure projects in its decision
What a downgrade means for South Africa and what it can do about it
Rating agency Standard & Poor’s (S&P) has cut South Africa’s foreign currency rating to sub-investment grade status. Two other global ratings agencies, Fitch and Moody’s, may well follow suit.
Why credit ratings matter and why they can’t be ignored
Investors use credit ratings as a guide to their investment decisions. Credit ratings provide an independent and objective assessment of the credit worthiness of countries and corporations
Moody’s downgrades Uganda’s credit rating, outlook stable
Ratings agency Moody's has cut Uganda's long-term issuer bond rating by one notch to B2 from B1, but changed the outlook from 'negative' to 'stable.' Moody's said the key driver of its downgrade is Uganda's "sustained erosion of fiscal strength."
Fitch affirms Uganda’s credit rating at B+, outlook stable
Fitch Ratings on Wednesday affirmed its B+ rating on Uganda, citing the country's high levels of infrastructure spending and its sound macroeconomic policy framework