Tag: Moody’s Ratings
Business Features Finance Headlines

Rising borrowing costs threaten growth in Africa’s three largest economies

North Africa PostComments Off on Rising borrowing costs threaten growth in Africa’s three largest economies

Governments and businesses in Nigeria, Kenya, and South Africa are grappling with sharply rising borrowing costs, a trend that poses serious risks to economic growth across Sub-Saharan Africa, according to a new report by Moody’s Ratings. Over the past five years, debt servicing costs have surged in all three economies due to weak policy frameworks, […]
Business Features Finance Headlines

Africa pays high price for misjudged risk — $75bn lost annually

North Africa PostComments Off on Africa pays high price for misjudged risk — $75bn lost annually

Misjudged risk assessments and persistent financial bias are costing African countries a staggering $75 billion annually in inflated borrowing costs and lost revenues, according to the Africa Finance Corporation (AFC). AFC President Samaila Zubairu described the misperception as a “prejudice premium,” arguing that Africa’s default rates are “really, really exaggerated.” Research by Moody’s Ratings supports […]
Emerging Markets Finance Headlines Morocco

Morocco’s debt rating outlook stable at Ba1, Moody’s says

North Africa PostComments Off on Morocco’s debt rating outlook stable at Ba1, Moody’s says

Moody’s Ratings has affirmed Morocco’s stable credit outlook at Ba1, saying the rating reflects Morocco’s institutional strengths and robust external position. “The stable outlook reflects our expectation that the government will pursue economic and social reforms to improve the economy’s resilience to shocks while keeping the debt burden stable,” Moody’s said. “We expect the government […]