Africa Sovereign Credit Rating Review: 2022 Mid Year Outlook

Submitted by on Wed, 01/04/2023 - 02:44

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).