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Rating agencies don’t treat the Global South fairly: changes South Africa should champion in G20 hot seat

By Daniel Cash, Reader in Law, Aston University

Credit rating agencies like S&P Global and Fitch have an outsized influence on the economic fortunes of developing countries. Their assessments shape investor perceptions, influence borrowing costs, and ultimately shape a country’s development path. With many African countries now issuing bonds in global markets amid falling levels of official development assistance (ODA),…

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