Africa's First Continental Credit Rating Agency to Be Launched in October: Media
23:15 31.07.2026 (Updated: 23:24 31.07.2026)
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Africa's First Continental Credit Rating Agency to Be Launched in October: Media
The African Credit Rating Agency (AfCRA) based in Mauritius, will be an independent, private-sector-led institution providing sovereign and corporate ratings that better reflect African market realities, according to media reports.
"The objective is not to inflate ratings, it is to ensure ratings are informed by a deeper understanding of domestic political, economic and institutional realities," said Misheck Mutize, lead expert at AU's Peer Review Mechanism, cited by the media.
Key features of AfCRA:
🟠Expands credit coverage to African companies, municipalities, and local-currency debt markets;
🟠Has no government shareholding to ensure independence and investor confidence;
🟠Complements existing global rating agencies.
ℹ The launch is the latest step in an African-led initiative since 2017 to create a home-grown rating agency in an industry dominated by Moody's, S&P and Fitch Ratings.
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