The United Nations’ Department of Economic and Social Affairs is disappointed with Moody’s Investors Services after the global ratings agency put four African countries up for review following their decision to join the G20’s debt service suspension initiative (DSSI), according to a report in the Financial Times.
Moody’s took action this week against Ethiopia, Cameroon, Senegal and the Ivory Coast (Pakistan as well) by re-evaluating their current “stable outlook” rating. The firm said it’s concerned that by suspending debt service payments, private creditors could be adversely impacted.
- Get a daily email packed with the latest China-Africa news and analysis.
- Read exclusive insights on the key trends shaping China-Africa relations.
- Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.