Policy Framework – Aprm Support To African Union Member States In The Field of Credit Rating Agencies

The Policy Framework (hereinafter referred to as the “Framework”) defines the scope and mechanisms for the provision of support to African Union (the “AU”) Member States (“sovereigns”) in their engagements with international Credit Rating Agencies (the “CRAs”). The Framework serves as a guide to support AU Member States: (i) prepare for their credit rating assessments, (ii) ensure a judicious and systematic credit rating assessment exercise and, (iii) manage the post-rating appeals process and implementation of recommendations.