Publications
Publications
- 2022
- HBS Working Paper Series
The Credit Rating Agency Market in Africa
By: Saveshen Pillay and Anywhere Sikochi
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
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.)