Vatican report flags ‘outsized influence’ of ratings agencies ahead of G20 summit
‘Africa risk premium’ will be a focus of November’s G20 gathering
23 June 2025 - 05:00
A report commissioned by the late Pope Francis has called for the reform of private credit ratings agencies, saying they exert “outsized influence on sovereign debt dynamics”, with the matter set to be hotly debated during SA’s presidency this year of the Group of 20 (G20).
SA has made the high cost of capital one of its G20 focus areas, amid perceptions that ratings agencies and international investors impose an unjustified “Africa risk premium” that makes it costly for African countries to borrow on the market...
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