Africa Launches Own Credit Agency in Bid for Cheaper Borrowing
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6 Articles
Africa launches own credit agency in bid for cheaper borrowing
The Africa Credit Ratings Agency (AfCRA), backed by the African Union after nearly a decade of talks, will judge the creditworthiness of countries, businesses and institutions. The Indian Ocean island of Mauritius was chosen as the agency's home, partly due to its established financial services industry. It aims to offer an alternative viewpoint to the "big three" global credit ratings -- Fitch, Moody's and S&P -- which have been accused in the…
Africa Launches Own Credit Rating Agency
The African Union (AU) launches the Africa Credit Ratings Agency (AfCRA) on Wednesday to counter what regional leaders view as biased assessments from Western… The post Africa Launches Own Credit Rating Agency appeared first on Latest Breaking News - News Central TV.
The African Union will open its own African Credit Rating Agency (AfCRA) on Wednesday in the capital city of Mauritius, Port Louis, as reported on the site ... 07.10.2026, PRIM
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