This op-ed by Tatiana Lysenko, published by Devex, builds on the Paper we published on sovereign credit ratings in Sub-Saharan Africa and explores an important question as discussions around an African Credit Rating Agency gain momentum: what should be the focus of the debate?
Rather than concentrating exclusively on whether existing ratings are biased, Tatiana argues that greater attention should be paid to the methodologies used to assess sovereign risk, and whether they adequately capture reforms, economic resilience, and changing fundamentals.
As African countries seek to deepen access to capital markets and mobilize investment for development, getting the measurement of risk right matters.
