Africa Pushes Back on Global Credit Ratings: Afreximbank’s JCR Affirmation Highlights Shifting Dynamics..
KISUMU, Kenya, August 28th-In a continent long dogged by the limitations of external credit rating systems, a series of recent developments is beginning to shift the narrative—and possibly the balance of power. The affirmation of African Export-Import Bank’s (Afreximbank) A-credit rating with a stable outlook by the Japan Credit Rating Agency (JCR) is being hailed…