African Union launches continent's first credit rating agency
What the 3 sources said
“La Unión Africana crea la primera agencia de ‘rating’ continental para contrarrestar el sesgo que aseguran que encarece sus préstamos”
El objetivo de la Agencia de Calificación Crediticia de África (AfCRA) es ofrecer valoraciones alternativas a las de las ‘Big Three’ que controlan el 95% del mercado global, a las que acusan de sobreestimar el riesgo real del continente
Read at El País“L’Union africaine lance sa propre agence de notation financière, pour « plus de justice”
L’agence, inaugurée mercredi 7 octobre à l’île Maurice, répond à une attente ancienne des milieux d’affaires africains, qui se considèrent comme défavorisés par les agences de notation occidentales. Ces dernières, en insistant sur les risques de défaut de paiement, les obligent à emprunter plus cher.
Read at Le Monde“African Union launches continent's first credit rating agency”
The African Union launched the continent's first credit rating agency on Wednesday, seeking to provide an alternative to the "big three" global ratings agencies as debt burdens weigh on many African economies. The Africa Credit Rating Agency (AfCRA) — the creation of which African leaders endorsed in 2018 — was launched at a ceremony attended by African officials in Port Louis, the capital of Mauritius, where it will be based.
Read at France 24 EnglishWhat the reports add
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