The analysis of the long-term foreign currency sovereign credit rating actions in Africa indicates that there were more sovereign rating downgrades than upgrades. Five countries were downgraded and these included: Burkina Faso; Ghana; Mali; Namibia; and Tunisia – compared to only two upgrades that included Angola and Democratic Republic of Congo (DRC).

Readmore:https://www.aprm-au.org/publications/african-soverign-credit-rating-review-2022-mid-year-outlook/