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S&P downgrades Africa’s oil exporters sovereign debt

Following the publication of Standard & Poor’s Africa Outlook report, a top line review of some of the key points behind the movements in African countries sovereign credit ratings. Several oil exporters, not surprisingly, suffer credit downgrades, whilst Kenya and Ghana receive more stable outlooks, having negotiated loans and credit lines already that will help cushion the impact of economic shocks.

Read more at Mail & Guardian…

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