Sovereign Debt Sustainability - Multilateral Debt Treatment and the Credit Rating Impasse

Explains that the reason for the failure of recent initiatives to alleviate the poorest countries' debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the 'Credit Ratings impasse'.

List of contents

Introduction 1. A Modern History of Debt Treatment for African Countries 2. The Impact of the Covid-19 pandemic 3. The DSSI, The Common Framework, and the Credit Rating Impasse 4. Resolving the Credit Rating Impasse: Part One 5. Resolving the Credit Rating Impasse: Part Two 6. The Future for Africa Conclusion

About the author

Daniel Cash is a Senior Lecturer at Aston University, UK, a Fulbright Scholar at New York University’s Stern Business School, and specialises in the regulation of the credit rating industry.

Summary

Explains that the reason for the failure of recent initiatives to alleviate the poorest countries’ debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the ‘Credit Ratings impasse’.

Product details

• Authors: Daniel Cash
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 14.11.2022
• EAN: 9781032198651
• ISBN: 978-1-0-3219865-1
• No. of pages: 144
• Series: Routledge International Studies in Money and Banking
• Subjects: Social sciences, law, business > Law > Mercantile and commercial law; BUSINESS & ECONOMICS / Corporate Governance, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Banks & Banking, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Corporate Finance / General, Corporate Finance, International Economics, business strategy, Management of specific areas, International Finance, Management accounting & bookkeeping, BUSINESS & ECONOMICS / International / Economics & Trade, Credit and credit institutions, Credit & Credit Institutions, Banking law, Management accounting, bookkeeping and auditing