This website’s original language is English. For translation, click the globe icon or choose Translate in the menu.
5 matching records found
The African Union launched the continent's first credit rating agency on Wednesday, seeking to provide an alternative to the "big three" global ratings agencies as debt burdens weigh on many African economies. The Africa Credit Rating Agency (AfCRA) — the creation of which African leaders endorsed in 2018 — was launched at a ceremony attended by African officials in Port Louis, the capital of Mauritius, where it will be based.
In tonight's edition, witnesses say Eritrean troops have moved into Ethiopia's Tigray region, but Asmara rejects the reports. Also, the African Union launches the Africa Credit Rating Agency, aiming to assess the financial health of African states and companies. And South African civil society is pushing back against the expansion of data centres that require vast amounts of electricity, water and land.
Chile has the highest credit rating in Latin America, and S&P Global Ratings has kept it at A. But the agency now expects the country's budget repair to take longer, with debt rising until 2029. The post Chile Credit Rating Stays at A as S&P Warns Budget Repair Will Take Longer appeared first on The Rio Times.
Fitch kept the Fitch Chile rating at A- with a stable outlook, praising spending cuts, but slashed its 2026 growth forecast from 1.6% to 0.7%. The post Fitch Chile Rating Stays at A- as Growth Forecast Is Cut to 0.7% appeared first on The Rio Times.
S&P raised the LATAM credit rating to BB+ on 21 September 2026, one step below investment grade, citing strong cash flow despite costlier jet fuel. The post LATAM Credit Rating Rises to BB+ as S&P Rewards Its Fuel-Shock Resilience appeared first on The Rio Times.