Governance & Independence
Credibility must be designed into the institution.
AfCRA’s governance arrangements are designed to protect analytical activity from political influence, shareholder interests, issuer pressure and commercial considerations. The African Union and APRM created the institutional opportunity for AfCRA; they do not determine AfCRA’s ratings.
Independent rating committeesFormal analytical decision-making structures.
Analytical-commercial separationCommercial considerations remain separate from rating decisions.
Conflict managementConflict-of-interest identification and management.
Methodology governanceControlled model change and documented oversight.
Appeals and correctionAppeals, factual correction and complaint procedures.
Quality and performanceQuality assurance and performance monitoring.
Security and confidentialityData security, confidentiality and auditability.
Structured participationEvidence-based participation that does not determine rating outcomes.