16:32 - 18.09.2023

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September 18, Fineko/abc.az. The African Union expresses increasing distrust of the ratings assigned to African countries by international rating agencies.

ABC.AZ reports that it was announced that an organization alternative to the international rating agencies of the "big three", which give an "unfair" assessment to the countries of the continent, will start working next year.

The UN report for the African Economic Council (UNECA) notes that the ratings of Moody's, Fitch and S&P continue to influence global financial decisions and capital flows, even if they make significant mistakes.