According to the Financial Times, African governments have established a rating agency to challenge the world's "Big Three" rating giants. The African Credit Rating Agency (AfCRA) aims to eliminate the so-called "Africa premium," which policymakers b

2026-10-07

According to the Financial Times, African governments have established a rating agency to challenge the world's "Big Three" rating giants. The African Credit Rating Agency (AfCRA) aims to eliminate the so-called "Africa premium," which policymakers believe has been imposed on Africa by Moody's, S&P Global, and Fitch Ratings.