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How rating agencies could support African governments in overcoming debt crises

Shen, Dennis and Kraemer, Moritz (2022) How rating agencies could support African governments in overcoming debt crises. Africa at LSE (04 Jul 2022). Blog Entry.

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Abstract

An effective framework for restructuring global debt remains an urgent need for Africa, which could be supported by changing sovereign rating practices. By integrating the severity of financial losses in a default episode, rating agencies could better serve investors, while also incentivising overleveraged governments to seek debt relief. As interest rates rise, the world economy slows and food prices mount, procrastination around debt relief would result in avoidable humanitarian crises.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/africaatlse/
Additional Information: © 2022 The Authors
Divisions: LSE
Subjects: H Social Sciences > HN Social history and conditions. Social problems. Social reform
H Social Sciences > HG Finance
Date Deposited: 19 Aug 2022 13:12
Last Modified: 19 Aug 2022 13:12
URI: http://eprints.lse.ac.uk/id/eprint/115791

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