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African credit ratings agency
October 23 , 2023
271 days
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- The African Union plans to launch a new African credit rating agency next year.
- This is due to its concerns about what it views as unfair ratings given to African countries.
- It aims to provide additional context for investors when making decisions about purchasing African bonds or extending private loans to countries.
- The agency will generate its own evaluation of lending risks associated with African countries.
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