UN says inaccurate credit ratings cost Africa $74.5 billion annually

AI Summary

The United Nations estimates that inaccurate or context-poor sovereign credit ratings cost African countries about $74.5 billion each year. The costs stem from higher borrowing expenses and financing opportunities lost because of those ratings.

Inaccurate and context-poor sovereign credit ratings are estimated to cost African countries about $74.5 billion annually through higher borrowing costs and lost financing, the United Nations has said. The post UN says inaccurate credit ratings cost Africa $74.5 billion annually appeared first on Nairametrics.