Credit Ratings

Economy

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
The headquarters of Fitch Ratings in the financial district of lower Manhattan, New York
Economy

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
The World Bank Group headquaters in Washington D.C.
Companies

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
Apartment complexes in Nalya, a suburb in Kampala, Uganda's capital
Politics & Policy

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
Opinion

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
A Standard & Poor's sign on a building in New York City
EconomyPolitics & Policy

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
African women sorting farm produce.
EconomyPolitics & Policy

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
A highway in Southwestern Uganda
Economy

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
Aerial photo of the Karuma hydropower project
Politics & Policy

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.
Economy

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
Bank of Uganda's head office in Kampala.
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