Reports and Papers

    Official Reports
    Academic Papers
    Sovereign Debt Sustainability: Multilateral Debt Treatment and the Credit Rating Impasse

    Abstract: Open-Access (free-to-read) full book examining the role of the credit rating agencies on the African Continent and the impact of the DSSI and Common Framework.

    Author: Daniel Cash
    Sovereign rating announcements and the integration of African banking markets

    Abstract: Open-Access (free-to-read) full book examining the role of the credit rating agencies on the African Continent and the impact of the DSSI and Common Framework.

    Jianan He and Dirk Schiereck
    The geographical and income differences in the determinants of African Sovereign credit ratings

    Abstract: The findings indicated that the determinants of sovereign credit ratings differ between African regions and income groups.

    Author: Ilse Botha and Marinda Pretorius
    The Determinants of Sovereign Credit Ratings in Africa: A Regional Perspective

    Abstract: Often there is underinvestment by rating agencies for developing countries with detrimental consequences.

    Author: Marinda Pretorius and Ilse Botha
    The effect of sovereign credit ratings on democracy in sub-Saharan Africa

    Abstract: The full sample impulse responses find that a SCR shock has a long-run detrimental effect on the democracy and political rights but only a short-run positive impact on civil liberties.

    Author: Sean Gossel and Misheck Mutize
    Leads and Lags in African Sovereign Credit Ratings

    Abstract: The majority of sovereign nations have a formal credit rating from more than one credit rating agency in order to bridge the potential informational gap that goes with only one formal rating.

    Author: Marinda Pretorius and Ilse Botha
    International credit rating agencies in Africa: Perceptions, trends and challenges

    Abstract: This research examines the perceptions, trends and challenges of the influence of international rating agencies on national economic affairs in African states.

    Author: Misheck Mutize and McBride P Nkhalamba
    Sovereign Default Risk and Financial Market Returns in Africa

    Abstract: This paper investigates the nexus between sovereign credit rating (SCR) changes and financial market returns in African financial markets.

    Author: John Dhokotera, Josine Uwilingiye, and Khouzeima Moutanabbir
    The Tyranny of International Credit Rating Agencies

    Abstract: This chapter focuses on the biases and contradictions associated with the operations of the international credit rating agencies in Africa.

    Author: Gorden Moyo
    Do Global Credit Rating Agencies Think Globally?

    Abstract: What is the information content of firm ratings?

    Author: Giovanni Ferri and Li-Gang Liu
    Are credit rating agencies regionally biased?

    Abstract: We investigate claims of regional bias in the sovereign credit ratings given by the rating agencies Fitch, Moody’s and Standard & Poor’s by considering a wide range of macroeconomic, financial, institutional, regional and geopolitical indicators for 99 countries categorized into eight regions plus the United States.

    Author: A Talha Yalta and A Yasemin Yalta
    The Role of Credit Rating Agencies in Shaping Multilateral Finance: Recent Developments and Policy Options

    Abstract: This paper reviews aspects of credit rating agency methodology that are most impacting MDBs.

    Author: Chris Humphrey
    The new global development finance: Africa, the rating agencies and combatting the big con

    Abstract: The current development finance architecture needs to be given a revamp and made fit for purpose.

    Author: George Kararach
    Sovereign credit rating determinants under financial crises: the roles of political risk and international capital

    Author: Shunli Yao, Baohua Liu and Jingkai Sun