The African Union Wants To Create Its Own Credit Rating Agency. Here’s Why
July 23, 2024
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The African Union is set to unveil the African Credit Rating Agency (ACRA) in 2024 to challenge the often flawed ratings from giants like Fitch, Moody’s, and S&P. These major firms have been criticized for their inaccurate assessments of African economies, leading to expensive borrowing costs. ACRA aims to provide
