S&P ups its presence in Africa to counter critics
S&P Global Ratings president Yann le Pallec says agency ‘heard loud and clear that we were not present enough on the continent’
09 June 2025 - 11:45
The Paris-based president of S&P Global Ratings says the ratings agency is increasing its presence in Africa, including its Johannesburg hub, in an effort to be more visible and counter perceptions that ratings agencies contribute to the continent’s high cost of capital.
SA’s Group of 20 (G20) presidency has made the cost of capital one of its focus areas amid calls in some quarters for an African ratings agency to challenge the “big three” global players and perceptions that international investors impose an unjustified “Africa risk premium”...
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