Institutional investors and global lenders are digging in their heels as the COVID-19 pandemic tightens its grip on Africa. A call from the Group of Twenty (G20) way back in April for private sector forbearance, in the form of a temporary standstill on interest payments, has been ignored. One possible way out is for the three global credit rating agencies to provide the analytical muscle that could help in breaking this impasse.
Fitch Ratings, Moodys Investors Service, and Standard & Poors Financial Services have done business during the pandemic doing what they always doproviding ratings assessments and warnings on the cre…
Read the full article at: https://www.atlanticcouncil.org/blogs/new-atlanticist/credit-rating-agencies-could-resolve-african-debt-impasse/
