#credit rating

Moody's has completed its review of Johannesburg's credit rating, which was prompted by delays in the production of audited financial statements. The agency's assessment will influence the city's financial outlook moving forward.

The article discusses the potential for an African Credit Rating Agency to address the disadvantages posed by current credit ratings for the continent. It raises concerns about whether such an agency would be perceived as credible or if it would be seen as Africa marking its own homework, reflecting investor scepticism about self-assessment in credit ratings.