Credit Ratings
Moody's has raised Reliance Industries' credit rating to Baa1. The new rating stands two notches above India's sovereign rating.
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The African Credit Rating Agency (AfCRA) has officially launched in Johannesburg to improve credit assessments across the continent. This initiative aims to enhance transparency and standards in Africa's financial markets amid high debt servicing costs. Experts highlight the need for better ratings to reflect Africa's credit performance accurately.