South Africa hits out at global credit rating ‘bias’ – Bloomberg

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Pretoria’s finance minister says Western assessments fail to reflect the continent’s economic fundamentals Major global rating agencies have demonstrated a “bias” against African countries by giving them lower credit scores compared to peers with similar fiscal metrics, South Africa’s finance minister has told Bloomberg. Enoch Godongwana’s comments come a day after he delivered a budget with an improved fiscal outlook; however, he told the outlet he’s not holding his breath for a rating upgrade.

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