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📈 Business
Are Western Rating Agencies Biased Against African Countries?
An analysis suggests that the top three Western credit rating agencies — Moody's, S&P and Fitch — may issue biased assessments of African countries and institutions, driven not solely by data but also by systemic prejudice. Notable discrepancies between agencies' ratings of the same entity raise questions about methodological objectivity. Critics argue that unjustifiably low ratings inflate borrowing costs for African nations.
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