Credit ratings play a huge role in the financial world. They help investors, both big institutions and regular individuals, understand how likely it is that a country or company will be able to repay its debts. When it comes to bonds and other forms of debt, credit ratings give investors confidence—or make them worry—about whether they’ll get their money back. However, African nations often face challenges because the credit ratings they receive from Western agencies are not always fair.
According to Dr. Misheck Mutize, a leading expert on credit ratings for the African Union (AU), there's solid evidence that the way these ratings are calculated and analyzed is biased against Africa. He believes that the methods used by Western agencies often paint a more negative picture than the reality, which leads to harmful outcomes for African economies.
Dr. Mutize explains that many global investors rely heavily on these rating agencies when making decisions about investing in Africa....
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