Rating agencies: GCR Ratings acquires WARA and confirms its status as Africa’s top agency
With its West African counterpart, the South African rating agency will be able to firmly establish its leadership across the continent.
11/01/2021 at 17h21, by Africa Business+
According to our sources, the two agencies received the green light from the West African Monetary Union’s Public Savings and Financial Markets Regional Board (CREPMF) to finalise GCR Ratings’ purchase of a 65% stake in the West Africa Rating Agency (WARA), the famous rating agency launched in 2012 by Seydina Tandian and Anouar Hassoune, former Vice President at Moody’s Investors Service.
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