Rankings
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Credit ratings
| Rank | Country | Fitch | Moody's | S&P |
|---|---|---|---|---|
| 1 | πΏπ¦ South Africa | BB β | Ba2 β² | BB β² |
| 2 | πͺπ¬ Egypt | B β | Caa1 β² | B β |
| 3 | π³π¬ Nigeria | B β | B3 β² | B β |
| 4 | π¬π Ghana | B β² | Caa1 β² | B- β |
| 5 | π°πͺ Kenya | B- β | B3 β | B β |
Sorted by median ordinal across available agencies (Fitch / Moody's / S&P scales aligned at equivalent notches); ties broken alphabetically by country. Grades are never averaged or converted to a blended score β ordinals stay ordinals.