HPS International Consulting, an international economic consultancy and financial lobbying firm founded in London by the Cameroonian Prosper H. Sugewe and registered in Cameroon since 2007, has just created in Cameroon a financial rating agency called “Ewatch africa Investment Analytica SA”.
This is what emerges from the publication made in the official journal of June 17, 2020 at the behest of Maître Pierre François-Xavier Menye Ondo, notary at the seat of the Court of Appeal of Yaounde. The first rating agency with a capital of 100 million FCFA, of which the firm HPS International Consulting SA Cameroon is the majority shareholder, has as its object, directly or indirectly in any country and more particularly on the money and financial market of Central Africa ( Cemac).
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The Financial Rating (Credit Rating), the credit risk and financial solvency assessment of companies, States, a local authority (municipalities, departments, regions), financial institution or financial transaction on the Central African money and financial market.
The only player in the Cemac area in a sector neglected by Standad & Poors, Fitch and Moody’s, and eyeing the Ivorian Bloomfield Investment corporation, the new agency wants to establish itself as the leader on the financial market in the sub-region.
As the CEMAC states resort more and more to the financial markets, the question of credit risk in Central Africa returns to the heart of the news. Prosper H. Sugewe, founder of Ewatch Africa Investment Analytica, this capital lobbyist who got his start in finance in the city of London with large financial multinationals stresses that it is necessary to establish in local currency the true intrinsic value of quality credit from companies, a country, a local authority or a financial institution. Because the local currency is that in which the wealth of the rated entity is defined and that in which it creates value.
Until this first agency obtains an approval from the Central African Financial Market Supervisory Commission (Cosumaf), the CEO of HPS International Consulting SA has launched consultations to select experts and analysts from the financial world internationally renowned financiers who will sit on the rating committee of Ewatch Africa Investment Analytica SA
Rating a company or an institution financially means evaluating its solvency at a precise moment, ie its capacity to pay its debts and to meet its commitments for a certain time. The notes vary from AAA to D. negative the financial note will allow the company to know its weaknesses, positive it opens a field of possibility on the capital markets. Those who assign these ratings are financial rating agencies. Three of them are references in the world, the “big three”: Standard & Poor’s, Moody’s and Fitch.