Moody's Corp

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

Credit rating agencies and Africa: lack of people on the ground fuels bias against continent

The big three rating agencies have a thin presence in Africa, raising questions about analysts' workloads and the accuracy of their ratings — not to mention a bias towards their home regions
The headquarters of Fitch Ratings in the financial district of lower Manhattan, New York
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

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

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.
Economy

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."
The offices of the Ministry of Finance in Kampala.