Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • 2022
  • Working Paper
  • HBS Working Paper Series

The Credit Rating Agency Market in Africa

By: Saveshen Pillay and Anywhere Sikochi
  • Format:Print
  • | Language:English
  • | Pages:33
ShareBar

Abstract

In this paper, we present the credit rating agency market on the continent of Africa as a potential research setting for accounting-related research. Largely unexplored in prior literature, Africa-based rating agencies provide access to information about a broad range of corporate and sovereign entities across the continent. We highlight the credit ratings and availability of credit ratings data from the largest Africa-based credit rating agency, GCR Ratings. We also discuss the potential limitations and challenges of working with the data. Principally, the data for some of the firms lack a consistent time series, as these entities may seek one-time ratings to secure a large capital raise. Finally, we propose a few questions that can be explored in future research using the features and data from the African rating agency market.

Keywords

Credit Rating; Credit Rating Agencies; Regulation; Conflict Of Interest; Credit; Capital; Africa

Citation

Pillay, Saveshen, and Anywhere Sikochi. "The Credit Rating Agency Market in Africa." Harvard Business School Working Paper, No. 22-074, June 2022. (Journal of Financial Reporting, proposal accepted-in-principle.)
  • Read Now

About The Author

Anywhere Sikochi

Accounting and Management
→More Publications

More from the Authors

    • February 2023
    • Faculty Research

    Harambe: Mobilizing Capital in Africa

    By: Anywhere Sikochi
    • February 2023
    • Faculty Research

    Performance Management at Afreximbank (B)

    By: Robert S. Kaplan, Siko Sikochi, Anna Ngarachu and Namrata Arora
    • January 2023 (Revised February 2023)
    • Faculty Research

    Performance Management at Afreximbank (A) and (B)

    By: Robert S. Kaplan and Siko Sikochi
More from the Authors
  • Harambe: Mobilizing Capital in Africa By: Anywhere Sikochi
  • Performance Management at Afreximbank (B) By: Robert S. Kaplan, Siko Sikochi, Anna Ngarachu and Namrata Arora
  • Performance Management at Afreximbank (A) and (B) By: Robert S. Kaplan and Siko Sikochi
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College