# AU unveils credit agency to challenge high borrowing costs

> Although AfCRA was created through an African Union initiative, the agency is not expected to be owned by African governments.

- Published: 2026-10-08T00:30:21.424Z
- Updated: 2026-10-08T00:30:21.424Z
- 1 source
- Topics: Economy, business and finance
- Involves: African Credit Rating Agency, African Union, Fitch Ratings, Moody’s Ratings, S&P Global Ratings, investors

## How it developed

- 2026-10-08T00:30:21.424Z - Punch: [AU unveils credit agency to challenge high borrowing costs](https://punchng.com/au-unveils-credit-agency-to-challenge-high-borrowing-costs/)

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