8th Africa Sovereign Credit Rating Review - 2023 Year-End Outlook

This report analyses the long-term foreign currency sovereign credit rating actions in Africa by the three dominant international credit rating agencies (CRAs) – Moody’s Investors Service, Fitch Ratings and S&P Global (S&P) Ratings – during the second half of 2023 (2023H2) and makes recommendations to both CRAs and African governments on how credit ratings can be improved.