Tracing the Drivers of SSA’s Low Sovereign Credit Ratings

Tatiana Lysenko

No 2513, FDL Policy Notes from CEPREMAP

Abstract: Sovereign credit ratings are crucial to Sub-Saharan Africa's financial landscape, yet debates continue over their accuracy, fairness, and impact. While access to global capital has widened SSA’s financing options, it has also exposed the region to high borrowing costs and sudden shifts in investor sentiment. In light of these challenges, SSA sovereign ratings have been subject to intense scrutiny. This paper analysis highlights the major role of structural factors in anchoring SSA sovereign ratings at the lower end of the global scale.

Keywords: Credit Rating Agencies; Sovereign Credit Ratings; Sovereign Debt; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 52 pages
Date: 2025-09
New Economics Papers: this item is included in nep-afr and nep-fdg
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Persistent link: https://EconPapers.repec.org/RePEc:cpm:notfdl:2513

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