✉news BusinessFinance first seen 1 d ago, last 1 d ago, peak #24
New rating agency could reshape development finance in Africa
Original: New rating agency can change how development is financed in Africa
A new credit rating agency focused on Africa is being positioned as a way to change how development projects across the continent are financed. African countries have long argued that existing international ratings undervalue their creditworthiness, raising borrowing costs. A dedicated agency could offer fairer assessments and unlock cheaper capital for governments and infrastructure projects, though questions remain over its independence, credibility and acceptance by international investors.
Why now: Development finance leaders are actively debating alternatives to the big three rating agencies amid calls to cut Africa's borrowing costs.
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