African ratings agency a feasible option? – The Mail & Guardian

African ratings agency a feasible option? – The Mail & Guardian

As the G20 Summit approached, the conversation around a new African credit ratings agency was gaining momentum. The proposal has broad political appeal: many argue that global agencies such as Moody’s, S&P and Fitch systematically under-rate African economies, forcing them to borrow at higher costs. But a key question remains: will a home-grown agency meaningfully change outcomes, or will it simply measure the same realities in different units? …