ABSTRACT
This conclusion presents some closing thoughts of the key concepts discussed in the preceding chapters of this book. The book provides a solution for the credit rating impasse. The financial situation affecting the world’s most vulnerable countries is bleeding into their ability to protect their own citizens. The book focuses on African countries because of their overrepresentation in the multilateral debt treatment initiatives developed by the G20 and administered by the international monetary fund. Leading legislative bodies need to take bold steps in recalibrating their regulatory strategies towards the rating agencies to allow them to be more flexible. Creditors need to be true to their word and want to engage with their distressed debtors. Sovereign debtors need to engage with the theoretical role they play in the capital markets and embark on significant programmes of increased transparency and disclosure. Focusing on the credit rating agencies for a moment, this opportunity is important.
