How Africa’s new credit agency is challenging global power brokers

credit scores

Risk-based pricing of commercial loans cannot work properly without a well-developed culture of credit ratings.

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For governments, a credit rating is more than a financial signal. It is a verdict that can influence the cost of borrowing, access to markets and, ultimately, the ability to provide for their citizens.

Rating decisions are made behind closed doors in a private process that isn’t open to assessment or scrutiny.