Guidelines for African Union Member States on Dealing with Credit Rating Agencies

These guidelines provide a framework to support African Union (AU) member states in their engagements with international credit rating agencies (hereafter called ‘CRAs’). The guidelines were developed through a comprehensive process of consultations with key institutions of the African countries and the financial services sector. Institutions consulted include representatives from the CRAs, Central Banks, Government Ministries, Regulators of Financial Services, Institutes of Directors, representatives of international multilateral organisations in Africa, African multilateral development banks, National Chambers of Commerce, representatives of trader unions and representatives of civil society stakeholders.