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The African Union Launches First Credit Rating Agency on the Continent

October 8, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
The African Union Launches First Credit Rating Agency on the Continent

The African Union has launched the 'African Credit Rating Agency' (AFCRA), the first credit rating agency on the continent, in an effort to provide an alternative to the 'big three' global rating agencies amid the debt burdens weighing on many African economies, according to a statement released by the African Union on Wednesday.

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