The asymmetry of credit rating transitions

Ephraim Chawoneka

Advertisements By Ephraim ChawonekaAdvertisements AS conversations start about the need for Africa-based credit rating agencies, expectations are naturally rising in the state. Stakeholders hope that locally established agencies will better show regional realities, development priorities, and reform efforts.Advertisements However, before these expectations convert into assumptions, it is very important to address a structural feature of…

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