7th Africa Sovereign Credit Rating Review - 2023 Mid-Year Outlook

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Africa Peer Review Mechanism Continental Secretariat in Collaboration with the United Nations Economic Commission for Africa (UNECA)

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) – during the first half of 2023 (2023H1) and makes recommendations to both CRAs and African governments on how credit ratings can be improved.




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