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Tracing the Drivers of SSA’s Low Sovereign Credit Ratings

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  • Lysenko, Tatiana

Abstract

Sovereign credit ratings are crucial to Sub-Saharan Africa's financial landscape, yet debates continue over their accuracy, fairness, and impact. While access to global capital has widened SSA’s financing options, it has also exposed the region to high borrowing costs and sudden shifts in investor sentiment. In light of these challenges, SSA sovereign ratings have been subject to intense scrutiny. This paper analysis highlights the major role of structural factors in anchoring SSA sovereign ratings at the lower end of the global scale.

Suggested Citation

  • Lysenko, Tatiana, 2025. "Tracing the Drivers of SSA’s Low Sovereign Credit Ratings," FDL Policy Notes 2513, CEPREMAP.
    • Handle: RePEc:cpm:notfdl:2513
    as

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    References listed on IDEAS

    as
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