Standard Bank takes issue with Africa’s ‘inflated’ credit risk
African leaders have expressed concern over the way they are scored by the big ratings agencies
28 March 2025 - 05:00
Standard Bank CEO of corporate and investment banking (CIB) Luvuyo Masinda has called out ratings agencies for overestimating Africa’s risk profile, which burdens the continent with high debt costs.
“Africa’s external debt now surpasses $1.5-trillion — a number that often makes the headlines — and rightly so. What is of concern to me and the team at Standard Bank is the additional cost of the debt burden, which we believe stems from inflated risk assessment resulting in higher grades from ratings agencies and increased market pricing,” Masinda said...
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