No Fitch, Moody's or S&P, please: The Big 3 face a new challenge
- Posted on October 9, 2026
- By Business News Today
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- 1 min read
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No Fitch, Moody's or S&P, please: The Big 3 face a new challenge
The African Union established the Africa Credit Rating Agency to provide better assessments for African economies. This initiative aims to address global rating agencies' perceived biases and shortcomings. Credit ratings for African nations currently suffer from a significant information gap compared to other regions. The new agency could enhance local capital markets by focusing on domestic debt markets and investments.
