Africa to Launch Own Credit Rating Agency to Improve Assessments

In June 2025, Africa will launch its own credit rating agency, the Africa Credit Rating Agency (AfCRA), to address the bias in global assessments that critics say inflate borrowing costs for African nations. This move aims to offer transparent, development-focused ratings that reflect the continent’s true economic potential. African leaders argue that current agencies undervalue…

Africa’s credit rating launch sparks hope for fairer Namibia ratings

namibian.com.na - 13:00

The launch of the African Credit Rating Agency (AfCRA) is poised to transform Namibia’s credit assessment landscape, reducing dependence on global...

Africa to Establish Its Own Credit Rating Agency

emiratesnewswire.ae - 09/Feb 00:00

Addis Ababa: The African Union (AU) will set up the Africa Credit Rating Agency (AfCRA) next week during a meeting of heads of state and government on...

African leaders convene on establishment of homegrown solution, the Africa Credit Rating Agency

africa.com - 07/Feb 14:00

As the continent continues its march towards economic integration and resilience, the establishment of Africa Credit Rating Agency (AfCRA) represents...

AM Best assigns ratings to Bermuda’s Soteria Reinsurance

royalgazette.com - 13/Feb 18:13

AM Best has assigned credit ratings to Bermudian-based Soteria Reinsurance Ltd. The ratings agency has assigned Soteria a financial strength rating of...

African Union Endorses New Fund to Shield Continent from Debt Crises

iafrica.com - 06:11

African leaders have given their go-ahead for the African Development Bank to establish the African Financial Stability Mechanism (AFSM). The...

What do you need to know about the Africa Credit Rating Agency

esi-africa.com - 13:43

Here are 10 things the AU wants you to know about the Africa Credit Rating Agency to be operationalised by mid-2025

Citing Inability To Refinance Maturing Debt, Fitch Withdraws All Ratings For Dangote

theparadise.ng - 15/Feb 21:25

…Withdrawal Pose Significant Risks For Dangote Group Stocks, Credit Worthiness Citing Dangote Industries’ inability to refinance maturing debt,...

Queensland’s credit rating almost certain to be downgraded

smh.com.au - 19/Feb 08:42

Credit rating agency S&P has issued a credit rating outlook downgrade for Queensland, pushing up the price of government projects.

Infosys layoffs: Company cites this clause in contract; says all freshers get …

times of india - 12/Feb 10:03

Infosys terminated around 400 trainees at its Mysore campus after they failed to clear mandatory internal assessments. The company stated that the...

South Africa nears greylist exit as key deficiencies resolved

dailynews.co.za - 07:02

South Africa is making headway to be removed from the Financial Action Task Force (FATF) greylist, the Companies Intellectual Property Commission...

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