Madagascar Put on Credit Watch Following Coup

Madagascar put on credit watch following coup

Ratings agency S&P Global placed Madagascar on ‘CreditWatch’ with negative implications as coup leader Michael Randrianirina was sworn in as president following weeks of anti-government protests. “We think the political uncertainty will hinder policymaking and reform implementation in the near term, consequently weighing on investment, growth, and fiscal consolidation and possibly on debt service,” the agency said. S&P also revised its GDP growt…

Madagascar's coup leader Michael Randrianirina seeks legitimacy

The head of the Capsat, the unit that overthrew Andry Rajoelina, was inaugurated as president on Friday and has reassured the international community that his country won't be sanctioned.

UN condemns Madagascar military coup following ouster of president

The United Nations condemned the military takeover in Madagascar on Thursday, and called for an immediate restoration of constitutional order and the rule of law. This follows the ouster of President Andry Rajoelina by an elite army unit known as CAPSAT. The Secretary General also urged all the stakeholders to work together to tackle the root causes of the instability in the country, while also reaffirming the UN’s readiness to support the count…

Crowds flock for an audience with Madagascar's new military leader

Antananarivo, Madagascar (AFP) Oct 16, 2025 A disparate crowd of politicians, businessmen, activists and citizens gathered at a Madagascar military barracks Thursday in hopes of an audience with the island's new strongman, Colonel Michael Randrianirina. The commander of the CAPSAT unit was to be sworn in as transitional president Friday, just three days after seizing power as the national assembly voted to impeach President Andry Rajo