WATCH | What Moody’s SA exit means for Africa’s credit ratings

Moody’s has renounced its local registration, paving the way for the Prudential Authority to derecognise its ratings for South African banks. The move comes as Africa pushes for alternatives, including the launch of the Africa Credit Rating Agency and growing calls for more representative assessments. Business Day TV spoke to Misheck Mutize, lead expert on credit rating agencies for AU Agency, APRM, on what this shift means for credit ratings and financing on the continent.