Speaking at the Africa Annual Credit Ratings Conference in Cape Town, Hinrichs highlighted how widespread adoption of credit ratings could open up much-needed funding opportunities across the continent. The gathering, now in its second day, has brought together financial experts, regulators, and policymakers to explore ways of strengthening Africa’s domestic bond markets.

“Encouraging the regular rating of institutions is vital if we are to build trust and attract investment,” Hinrichs said. “There’s still room to do more in developing a culture that supports transparency and accountability in financial markets.”

Delegates have discussed a range of prerequisites for unlocking domestic capital markets, including regulatory reforms, improved data quality, and greater public awareness of the importance of credit ratings.

The conference concludes today, with final sessions focusing on the long-term future of credit rating systems in Africa and their potential to drive sustainable economic growth.

--ChannelAfrica--