Junk Ratings across Africa, yet Bond yields don’t show it

*African Eurobonds return about 9% in 2017 vs 7.7% for EM debt *Moody’s downgraded Namibia’s credit rating to junk this month 25 August 2017, London — Every African nation that’s sold dollar debt now has at least one junk rating, but it would be hard to tell by looking at the bond market. The average […] More »