AU to Launch Credit Rating Agency in October
The African Union will launch a new credit ratings agency in Mauritius on October 5 to address high borrowing costs. The initiative offers an alternative to dominant western firms that African leaders accuse of unfair risk assessments.
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The African Union will launch a continent-wide credit ratings agency on October 5 in Mauritius to combat high borrowing costs. The initiative offers sovereign issuers an alternative to dominant western firms. African leaders have long criticized major agencies for unfair risk assessments during crises.
