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President William Ruto has criticized global agencies and expressed his support for the establishment of the Africa Credit ...

ADDIS ABABA: The African Union (AU) will set up the Africa Credit Rating Agency (AfCRA) next week during a meeting of heads of state and government on the margins of the 37th AU Ordinary Summit here, ...

Nigeria is pushing hard for the establishment of an African Credit Rating Agency at the ongoing 38th Ordinary Session of the Assembly of the African Union (AU) Heads of State and Government.

AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ...

The European Central Bank plans to take a more stringent approach in accepting some collateral in its lending operations as the number of accepted credit rating agencies increases, it said on Friday.

Ruto said that despite Africa boasting of abundant natural resources, vast arable land, billions in diaspora remittances, and the world's largest carbon sinks, credit rating agencies have ...

The agency also points out that the effectiveness of Kenya’s fiscal policy is constrained by relatively weak institutions, policy unpredictability and high levels of corruption. Last Friday ...

A rating improvement by one notch would unlock $15.5-billion in additional funding for the continent, an amount that could help replace a significant chunk of official development assistance or be ...

Capri Holdings (CPRI) credit rating downgraded to BB by S&P Global amid negative sales trends, luxury market challenges, and strategic missteps.

Credit rating agencies are too negative on their assessment of blended finance structures, which is hindering the flows of climate finance to the emerging markets, Allianz Global Investors has claimed ...