As previously reported, Moody’s Investors Service, one of the three dominant global credit rating agencies, is acquiring a majority shareholding in Global Credit Rating, a leading credit rating agency in Africa. The move is based on Moody’s anticipation that there will be a robust increase in demand for credit rating services in Africa. But Misheck Mutize, a Post Doctoral Researcher at UCT’s Graduate School of Business argues in an article published on The Conversation, that the move is not one that should be celebrated. Visit the News Blog page on the Future Media website to read the full article and find out why.
